There is a saying, “Most people are only one pay check away from bankruptcy.” So many people live on the edge of their credit limits. How else can ordinary people make ends meet when the price of gas goes ballistic and food prices suddenly take off?
That means everyone has to defend their credit scores. If anything happens to drop those scores, anyone can be marked as a bad risk. Banks and credit card companies suddenly stop lending or they hit the unsuspecting with interest rate hikes.
How do you protect yourselves?
Federal laws are on your side. You have the right to get a free credit report. There are central databases that collect all the data available about you. But not all data is made available in a timely fashion. You know you paid off that last loan, but the bank has not yet marked it as paid. You know you were not late in making last month’s credit card payment, but the card issuer says you were.
So you go through the credit report and list everything that is not complete, out-of-date or just plain wrong. Then you get it all put right. Once your credit report is repaired, you can be more confident about making a bigger loan application or applying for a new credit card.
To get your free credit report, just click on the banners. It costs you nothing to make sure everything is in order. If there are things wrong, CreditDefender can help you put them right.