Is Paying to Fix Your Credit Worth It?

Prices are going up in every major category, and many of us are starting to feel the pinch. You’re not alone at the gas pump or looking at your energy bill. According to the US Bureau of Labor and Statistics, food is over 10% more expensive, and utilities and other energy is over 20% more expensive.

What does that have to do with credit scores? Simple. When the powers that be want to control prices, they make it harder for financial institutions to borrow money. This is the Federal Interest Primary Rate, or the prime rate.

When banks have a harder time getting money, they make it harder for us to get money, too. That’s when we see mortgage rates go up, car loans get more pricey, and even credit cards become harder to get and pay off.

That’s why it’s more important than ever to take a look at how our credit scores are impacting our lives.

How a Bad Credit Score Makes Everything More Expensive

I recently wrote a piece about how having poor credit can tack hundreds onto your car payments. But the costs don’t end there. According to one study86% of people with less than perfect credit would need to pay down $1,360 to get their credit up to snuff.

Monster.com, a leading job-seeking website, has reported that a bad credit score can keep us from getting a job, making paying any bills more difficult. And according to the website for credit bureau Experian, bad credit can even keep you from an apartment.

Without a good-paying job, and having to fork over more money for substandard living, every other bill in our lives becomes that much more difficult to pay off.

How Expensive is Fixing Your Credit?

I’ve done a detailed review of the best credit restoration companies, and you can do the read for yourself here. But here I’m focusing on if it’s worth it to have them fix your credit for you.

The bottom line: yes! Take the number one company on my list, Credit Saint. They have packages starting at only $79.99 a month. Compare that with the over $1,300 you’d come out of pocket yourself simply paying off the bills.

Add to that the fact that all of the companies I reviewed come with money-back guarantees, and it starts to make a lot of sense.

Money, however, isn’t everything. We’re all busy, with jobs, social lives, family commitments, and self improvement goals. Time becomes one of the most valuable assets when we look at our lives on balance. And that’s where a credit restoration company really earns their worth.

When you go with a credit repair professional, you’re saving yourself time and headache, as well as money. You can focus your time and energy on more important things, and let the pros do what they do best–fix your credit.

Totally Worth It

If you can find a trustworthy and reputable credit restoration company, I do believe it’s absolutely worth it to have them take a look at your credit. In the long run, you’ll find the financial freedom well worth the cost. And if it’s not, you can get your money back.

Start with the article I wrote explaining the best 5 companies around, and then do your research. Many of the businesses I reviewed offer free evaluations, so there’s no risk to you.

About the author Greg Lorenzo

Greg is a financial expert who has been advising his audience on loans for over 10 years. He has a wealth of knowledge and experience in the area, and he is passionate about helping people get the best possible deal on their loans. Greg is an expert in negotiating loans, and he has a proven track record of getting his clients the best possible terms. He is also a strong advocate for financial literacy, and he regularly gives workshops and seminars on the topic.

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