How do I repair my Credit Score?- By: Margot Oliver

Description : Your credit score can range from 300 to 850. Anything above 720 is considered to be a good credit score, while a score in excess of 800 is deemed to be excellent. On the other hand, a poor credit score can result in you being rejected when applying for new credit. This can mean that your application for a new credit card, loan or mortgage is turned down. Even if your credit applications are accepted, your credit score can be used to determine how high your credit card interest is or how high your loan or mortgage repayments should be.

You can be rejected by prospective employers

When you apply for jobs, prospective employers can request to see your credit report and credit score. While you are not obliged to give them permission to do this, it can look bad if you refuse as potential employers may deduce that you have something to hide. If the job is likely to involve handling money or making financial transactions, it is very likely that prospective employers will want to take a look at your credit score and credit report. As these are intended to demonstrate how much of a credit 'risk' you are, a below average or poor credit score can convince prospective employers that you are the right candidate for the job
.
Your insurance premiums can be affected

Your credit score can be used to set your monthly insurance premiums. Ironically, a poor credit score can result in higher insurance premiums. If your credit score is particularly bad, you may be refused for insurance policies as insurance companies may deem you to be too risky.

Do you want a 700+ Credit Score? Many items found on credit reports are disputable and can be completely removed and eliminated, returning an attractive luster to your credit score. For a fresh start and a higher credit score, you can improve your credit score easily here are 5 Free Videos that give you advice on how to repair your credit quickly and legally.

One possible reason for having a bad credit score is that you do not have a very long credit history. This could be due to you not having a bank account and dealing mostly in cash when paying your bills. If this is the case then consider taking out a small loan and making regular repayments on it. This will show the credit bureaus that you are financially responsible and capable of making regular payments.

The reason you need a good credit rating is so important for now and the future. Here are some reasons why low ratings are not favorable and credit report is important:

Low scores would indicate bad shape of your credit report and denotes that you are not very efficient with the plastic money. The financial profile of any customer is largely determined by these ratings.
Whenever you go for any financial loans, your ratings will be referred and the creditors will glance through your credit report. If your score stands low, it will be nearly impossible to get loans with low interest rates.
Even if you manage to find some creditor who is ready to give loans, the interest rates will be high and you will have to enter into stringent agreements. The penalty rules will be tough and you can't afford to miss any bill thereafter.

Credit repair allows you rearrange your scores and will bring a decent look to your report. It will become easier to avail loans and with low interest.
Collection agencies will not harass you always and you can enjoy some delay in payment and elasticity in handling credit cards.
Further it is also stated that higher scores bring you a stable financial life that will guarantee your security and you need not plan much on your credit expenses.

The types of credit which you currently have can have a bearing on your credit score. The credit bureaus and lenders like to be able to see that you can manage your finances in all areas. It can be good for your FICO score to have several loans, a mortgage and credit cards which you pay off regularly. The key point here is that you do pay them off regularly.

For a fresh start and a higher credit score, you can improve your credit score easily here are 5 Free Videos that give you advice on how to repair your credit quickly and legally.

Article Source : http://www.look4articles.com/

Author Resource : http://keyword-tools-ideas.com/creditrepair