In this era, everything, including finance, is regulated smartly. People have consolidated all financial activities under one card. That’s your credit card. Nowadays, your reputation belongs to this card. Even your financial characteristics can be judged by this. Buying or leasing a home or car, applying for a job, and using your credit card responsibly are your opportunities. Great American Credit Repair helps clients understand the significance of good credit and how to achieve it fast, legally, and effectively.
Importance of Good Credit Matters
1. Better Loan & Credit Card Approvals
- Your credit history proves how trustworthy you are to provide a loan for buying a car or house, mortgages or approve your credit card application.
- You may qualify for higher credit limits if you have a good credit score.
2. Lower Interest Rates
A higher score = lower interest.
A lower score = Higher interest rate.
That means:
- Interest rates for a loan are determined based on credit. A good credit score drags a lower interest rate. A large amount of money will be saved.
- A good credit score manages a lower monthly installment with lower interest.
3. Easier Approval for Apartments & Utilities
Why Good Credit Matters? Landlords and utility companies often check credit before approving leases or services.
- Poor credit drags higher security deposits
- Landlords often reject those who have low credit scores
- Getting basic services will be hard if you have lower credit score
4. Better Job Opportunities
Some employers (especially in finance, government, or management roles) review credit reports as part of the hiring process.
- A candidate with a lower credit score isn’t considered a responsible employee, even if you are qualified.
- A high credit score raises the chance of getting a job especially where you have to deal with finance.
How to Achieve Good Credit Fast
1. Review and Dispute Credit Report Errors
- Get a free copy of your credit report from AnnualCreditReport.com
- Identify if there are errors like wrong balances, duplicate accounts, Inaccurate late payments, or outdated collection entries etc.
- Dispute the errors with credit bureaus and wait for the result
Great American Credit Repair challenges these inaccuracies under the Fair Credit Reporting Act (FCRA) on behalf of the clients and disputes the inaccuracies.
2. Timely Payment
Payment history is responsible for 35% of your credit score. So, to ensure timely payment you can-
- Activate autopay option
- Set calendar reminders
- Activate due date notification in email
3. Keep Credit Card Balances Low
Why Good Credit Matters? Credit utilisation (how much of your credit you use) is the second-biggest factor in your score. Aim for:
- Using less than 30% of credit limit
- Ideally, keep it under 10% for the best impact
- Avoid paying bills of low amounts using credit
4. Avoid New Debt Unless Necessary
- Don’t apply for unnecessary new accounts to avoid hard inquiries that can lower your credit score
- Don’t close old accounts. A longer credit history has a positive impact on a credit score.
5. Hire Experts to Get Help to Speed It Up
If you are struggling with this process alone, you can hire a repair company like Great American Credit Repair to help you without any hassle. It provides:
- Personalized dispute strategies
- Credit education for future credit management
- Ongoing support to rebuild your credit faster than doing it by yourself
- Removal of inaccurate items legally
- Negotiations with the creditors for the all possible betterments of the clients
- Free consultancy on credit management