Credit can rule a person's financial life. It is up to you as to how it will rule yours. Will your credit help you get into that dream house and car or keep you out of them? Most people do not have a full understanding of how credit works and what goes into a credit report. Luckily, there are professionals who specialize in credit counseling who can help make sense of it all.
Professional credit counseling is an industry built on never ending demand. There will always be the need for assistance understanding what most people cannot. The benefits of professional credit counseling can be enormous. People with low credit scores can take advantage of credit counseling to help repair any credit problems. These professionals know how to read a credit report and they know what to look for in terms of repairs.
If you are thinking about getting some credit counseling because of a low credit score, it is absolutely worth the time and, sometimes, the costs. Yes, there are often fees associated with professional credit counseling. However, when you consider the savings that can come from a better credit score and the ability to qualify for lower rates in the future, these fees are usually a pittance compared to the value they bring.
|Jennifer Mathes, Ph.D.|