Consumers will have free access to short guides that clarify some of the most mystifying, confusing and frustrating issues that could harm their financial health.
TRUSSVILLE, ALABAMA – The Trussville Tribune shares the first in a series of procedures to help local residents repair their credit and ensure their financial security.
The COVID-19 pandemic has had a huge impact on the economy. Many people lost their jobs and experienced personal and professional financial crises. Some had to make a choice between paying bills or medical expenses.
While some Americans have seen their credit ratings rise during the pandemic, many have been negatively impacted by deferral periods and forbearance plans. Some creditors waived late fees for a while. But some consumers racked up hefty late fees when those programs ended. Others have had to deal with reporting errors, such as creditors reporting missed payments to credit bureaus during deferral periods, even though they weren’t supposed to.
In 2012, the Federal Trade Commission conducted an extensive study, which found that 25% of American consumers have at least one credit report error or inaccurate information that affects their credit score. However, due to the strategies creditors have used to ease financial burdens on consumers during the pandemic, credit score disputes have increased.
With the cost of housing skyrocketing and job security looking increasingly unstable, it’s more important than ever to ensure that an inaccurate credit score doesn’t harm consumers’ chances of contracting a loan or to pay for necessities. Knowing that you can access credit in an emergency is crucial during a pandemic.
Unfortunately, credit bureaus don’t make it easy to understand credit reports and FICO scores. Many Americans are unaware that they might have inaccurate information on their credit report.
The Credit Repair Tips Series will teach consumers how to check their credit reports for inaccurate information and credit fraud. It simplifies all the information available and clears up some of the myths surrounding credit reports and credit scores.
Readers will learn:
• How to read their credit reports and what to look for to eliminate inaccurate information
• Items that can boost or weaken their credit score
• How to dispute inaccurate information and credit fraud
• How to properly repair credit
• The pros and cons of using credit repair companies versus home-made credit repair advice
This series comes at a perfect time for many Trussville and Birmingham residents who have been impacted by the pandemic. We are all tired. We all want things to feel easy. These credit repair tips are straight to the point and can help consumers improve their financial situation with just a few mouse clicks.
Company Name: Trussville Grandstand
Contact: Scott Buttram
E-mail: Send an email
The country: United States