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| ABOUT
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American Credit Education Services, a subsidiary of American Credit Pros,
is a credit education organization dedicated to provide financial services and solutions to consumers with less than perfect credit.
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| Why Is Our Service So Important?
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Are you being turned down for home loans, refinancing,
automobiles, department store cards, or even gas cards?
Are you paying a higher interest rate than you should, or has your credit limit been lowered?
Are you tired and embarrassed by the constant calls from creditors and collection agencies harassing you?
Have you faced repossession or foreclosure?
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In today's economic climate, a
growing number of Americans suffer from negative ratings in their credit file including delinquent
payments, judgments, collections, foreclosures and bankruptcies. Not only do these items prevent
consumers from obtaining new credit when they need it most, clients may also face additional penalties
such as increased interest rates on credit cards, higher late fees and over-limit fees, shorter grace
periods and lowered credit limits.
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Most people with bad credit are not irresponsible,
nor are they unwilling to pay their obligations. In fact, if you're like most people, you probably maintained a good credit
profile until an unforeseen circumstance like a layoff, medical problem, or divorce prevented you from making a few payments
in a timely manner.
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The truth is that most people struggle long and hard to
meet their obligations but the money coming in just doesn't meet the bills going out. If the circumstances become serious
enough, many people have been forced into foreclosure or to file for bankruptcy protection.
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More today than ever before, our increasingly tight credit
market demands a high credit score. Why? Over three quarters of all lenders use credit scores when approving loans or credit.
The importance of your credit score doesn't end there. It's also used to determine your interest rate, the amount of your down
payment and the variety of mortgage types available to you if you're buying a house, your ability to get a car loan, the premium
on your auto or homeowner's insurance, and even your ability to get a job. For example, some insurers are using low credit scores
as indicators to identify individuals they believe are more likely to make claims against their insurance policies. These
insurance companies maintain that there is a correlation between poor credit and filing multiple insurance claims. Last,
but not least, if your credit score is on the low side, you'll pay a higher interest rate on bank loans and credit cards,
and may even see your credit limit decreased.
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Recent government surveys indicate that less than a third of
Americans have viewed their credit report within the past year. Many more do not know their current credit score even though
financial experts constantly advise consumers to review their credit reports for accuracy. A recent survey revealed that
nearly 80% of all consumer credit reports contain serious errors or mistakes of some kind. This prevents millions of Americans
from being able to purchase homes or automobiles, or finance other goods or services they need. You, very likely, could be one
of those people with inaccurate information. Additionally, many people are paying astronomical interest rates, or have been denied
financing unnecessarily due to low credit scores.
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Because your financial health revolves around your credit score,
it is important that the information your credit report contains be as accurate and up-to-date as possible. Millions of inaccurate
items have been removed from consumers' credit reports since the Fair Credit Reporting Act was passed in 1971. Why shouldn't YOU join
them and start saving money right now?
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