And your bad credit may be costing you more than you realize. For every loan you make, you are getting higher interest rates than you should have if you have good credit. To illustrate just how bad your situation is, imagine that you're getting a car loan. Let's say you picked the perfect car worth $20,000. If you have good credit and you apply for a car loan, you can get as low as 5% interest payable in 5 years, that's $377.42/month.
However, if you have poor credit, 5% interest rate is nearly impossible to get. If you are in this situation, you will probably be offered 11% interest, If you are suffering from very bad credit, you may need to shoulder 22% interest, that's $552.38/month. If you look into the life of the loan, you will need to shell out as much as $10,497.60 if you have bad credit? for the SAME car! Does this sound unfair? It is a fact of life for people with debt problems.
You have to take control over your financial life but how? The first step starts through learning about credit repair. There are endless possibilities when you learn how to do your own credit repair. Teaching yourself about how credit report works, the credit bureau, and the way consumer credit affects your rating is of utmost importance. These are the basics of credit repair and you need to master it.
Help yourself find ways to achieve better credit through credit repair. Once you become successful, share your secret to others. A lot of law firms charge $1,000/hour for this type of Credit rating consultancy services. You can charge less than $1,000; $130 per hour is a reasonable fee. You will be helping other individuals get out of bad credit and save $870 at the same time.
Law firms will get them deeper into debt but you will get them out of it. And on your part, this is the best way to make money because you are helping others be financially sound as well. Use your knowledge and share your experience. After all, you can best address their situation as you had gone through the same problem.
Credit repair is great for people who want part-time work with full-time income. $130 an hour for part-time work is serious money. Let's say you want to keep your day job, (yes, that's possible) and work 7 hours a week on your business. Your part-time annual income still amounts to $36,000!
Turn this into a full time job and you can make as much as $12,000-$40,000 a month! And your annual income? $144,000-$480,000. Take the first step in credit repair, fix your own credit and offer your services to others.
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