Four Areas That You Probably Didn’t Know Are Affected by Bad Credit

Cactus Credit, a Canada-based credit repair and rebuilding company, provides one-on-one attention to international clients to help improve their credit scores. Committed to providing personalized service to each individual, Cactus Credit recognizes that a person’s credit plays a huge role in his or her life.

Everyone knows that poor credit makes getting a loan or buying a house more difficult, but many lesser-known areas are also affected by bad credit, including:

– Employment. Several studies have shown that there is a minimal correlation between job performance and credit score, yet many employers still check applicants’ credit in the hiring process.

– Cell phone contracts. Most cell phone carriers look into credit scores when consumers apply for phone service. If the individual has poor credit, a cell phone contract may be denied.

– Bank access. When a person applies for a new checking or savings account, the bank looks into his or her banking history. The bank may also look into the person’s credit.

– Your love life. According to a report from US News, roughly 90 percent of people regard financial responsibility as a factor when they choose a romantic partner. Many men and women will not consider marrying someone who has a bad credit score or a shaky financial history.

How to Start Upgrading Your Credit Score

Cactus Credit
Image: cactuscredit.com

Cactus Credit is a Canada-based finance company that provides credit repair services to improve customers’ credit profiles. Cactus Credit and its team of experts leverage over 12 years of experience in the financial industry. The team of professionals have developed a proven credit repair system, helping clients understand what bad credit means and how to change it.

While credit scores might range from 300 to 850, different lenders consider bad scores differently. In general, however, consumers who have scores under 620 are considered “risky.” If a person has a bad credit score, it means that they are not the best candidate to have extended credit.

Customers can start upgrading their credit scores on their own, but it takes time. People who have lower credit scores can start with simple actions like making on-time payments of their bills, checking their score regularly, and applying for credit in just a few specific circumstances. The easiest way to upgrade one’s credit score, though, is by hiring a credit repair company. They take care of the time-consuming credit report research and debt negotiation.