arizona's credit repair resource - azscorerestore.com
Credit Repair Phoenix, Arizona
- Auto Loan Approval / Rate
- Mortgage / Lender Acceptance & APR
- Rental Acceptance / Tenant Terms
- Insurance Premiums
- Employment / Contractor Status
There are potential more impact areas; however these are the primary ones that affect most Americans. This can be amplified if the consumer is a business owner, student or senior citizen.
"Is your credit score just an invisible number? For some people very poor credit equals denial of loan, loss of coverage and unemployment. Even if extended a loan, how much will poor credit cost over a 5 year auto loan or a 30 year mortgage? The answer is thousands of dollars and perhaps a decreased standard of living." - AZScoreRestore.com
Credit scores are commonly used by all lenders and are becoming more prominent with employers, insurers, landlords, as well as cell phone and utility companies. The reality is that a credit score is black and white. It is a mathematical formula that allows lenders to make a quick decision on the consumer's ability to repay a loan, mortgage or credit card.
Pros & Cons of Credit Scoring
Supporters of the system argue that it does not discriminate based on race, sex, etc. Those opposed to the system point out that credit scores fail to take tragedies such as medical emergencies or loss of employment into consideration. Although credit scoring is considered nondiscriminatory, many are skeptical that low-income workers, minorities and other segments of the population who can not access credit cards and mortgages may score lower than others. Another major concern is that the accuracy of credit reporting is not a priority of the major credit bureaus and is thus suspect.
Top 5 Credit Repair Questions
- How can I fix my credit score?
- How do I verify the accuracy of my credit report?
- Is credit repair a scam?
- Is it legal to hire a credit repair company?
- Can I repair my own credit?