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Protecting Your Credit

July 12, 2007 | Author: admin | Filed under: Credit Report

Protecting Your Credit
By Ronald Earl Alger Jr.

Although credit reporting information is very important, it is surprising how many people do not understand it. When I was in graduate school, I was looking for a job I could do that would allow me the flexibility I needed to attend classes. After conducting a lot of research into several different home business opportunities, I stumbled across a credit repair home business. Here I was going to school with the hopes of one day owning my own business. This was my chance, so I took it. I was now a proud business owner.

As it turns out, I learned a lot about bad credit, FICO score, and credit repair strategies. In some instances, people were in such financial devastating situations that they could not afford to hire me one-on-one to help them. So I began to teach classes over the telephone on how to become a credit repair whiz. One of my students was a full time mom. After giving birth to twin boys her husband was forced to work two jobs to pay the extra expenses. This mom desperately wanted to repair the family credit and also was eager to contribute financially, relieving some of the financial pressure, so the boys could spend time with their dad. This mompreneur, in her effort to help others, created a business she worked at her convenience and rewarded her financially allowing her husband to quit his second job.

I spent many years helping thousands of people and I feel fortunate to have had that opportunity. That very work launched me into creating many other successful home businesses. The education I have received from working at home could never have been gleaned from any graduate program. After years of experience, research, and helping people start a credit repair business, I have compiled a list of 10 facts about credit reports that everyone should know:

1. Over 80 million Americans are struggling with bad credit.
2. 50 % of people never check their credit reports.
3. Only 1 in 5 people know their credit score.
4. With over 2 million foreclosures annually. A foreclosure is sudden death to
someone’s credit rating!
5. The ideal credit score is 720 or higher.
6. You have three credit scores (Experian, Equifax, and TransUnion)
7. Your credit score is based on the information in your credit report.
8. 1 in 3 people have errors on their credit reports.
9. You are entitled to a FREE credit report annually.
10. Credit repair is not rocket science AND bankruptcies do get removed early!

Your credit report is a very important document. Most of what you do is tied to your credit score so protect it with a vengeance. Don’t wait until you need credit to find out what is on your credit report. Be proactive and check it often. Many services will notify you through email if there is a change on your credit report.

© 2007, Ronald Earl Alger, Jr. Reprint rights granted so long as article and byline are kept intact and all links made live.

Ronald Earl Alger Jr. is the author and developer of Credit Repair Home
Business located at http://www.creditrepairwhiz.com/ check your credit score http://www.get3reports.com/

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