Month: June 2015

Ways That Bad Credit Can Affect Your Life

Bad credit and low credit scores can affect your life in many ways. Bad Credit

Bad Credit can prevent you from getting a decent payment on a car loan, or qualifying for a mortgage, line of credit or credit card. We all know that. But we don’t usually think about the fact that poor credit can hurt relationships, restrict you from being able to move, or even find a job. Here are some things to think about.

Bad Credit Can Affect Relationships

If you can’t borrow money due to bad credit, you may consider asking a friend or family member to help. Being late on a credit card payment will damage your credit rating. But being late in paying back a friend can damage the relationship. Bad credit can also have a terrible impact on marriages. Financial troubles are the leading cause of divorce in America today.

Emergencies

One of the best uses of a credit line or credit card is to have it in the event of an emergency such as a medical issue. However, if you are “maxed out” on a credit line and have a low credit score you risk not being able to handle such an emergency.

Mobility

If an emergency such as a natural disaster, or if an opportunity such as a job offer in another area comes your way, you may not be able to leave. In addition, having bad credit can keep you from getting a travel rewards card allowing you to save money using mileage points to purchase tickets and accommodations.

Car Insurance

Automobile insurers in some states increase auto insurance rates partly based on credit score.

Homeowners Insurance

Although some states don’t allow credit scores to be a factor in determining home owners insurance rates, in the states that do allow it people with bad credit pay at least twice as much as those with good credit.

Renting a Home or Apartment

More and more landlords, including owners of one or two units, are checking credit reports of applicants. Credit score and lack of evictions directly correspond to how responsible someone is.

Employment

You can be denied a job due to a bad credit score. One out of four Americans have had to go through an employer credit check, and one out of 10 a job because of a low credit score.

Higher Costs

Less than perfect credit can cost you $200,000 and up to $1 Million in higher interest payments over your lifetime.

Deposits

You might be required to pay a deposit in order to get service if you have a bad credit score. It could be a significant deposit if you’ve been late on utility payments or defaulted in the past.

Professional Licensing

The Fair Credit Reporting Act allows government agencies that regulate professions to use credit reports. This means that states can require proof of creditworthiness before issuing everything from medical licenses to doctors, to construction licenses to contractors.

Quality of Life

Debt can keep you from getting an education. It can keep you in an unhealthy relationship. It can keep you from getting a better job. Debt can keep you from fulfilling your potential as a person.

What Should You Do?

There are ways to clean up a credit report potentially and even more to increase a credit score. Someone who has poor credit needs a game plan and a coach to educate and guide them. Give us a call and let the healing begin.

Also, visit http://eracreditservices.com/more-than-credit-repair/ to learn about the various services and tools we have available.

FOR IMMEDIATE RELEASE: New Tampa Area Credit Repair Company Getting Great Results for Clients

Clearwater, FL – June 19, 2015 – ERA Credit Services, an Agent for United Credit Education Services, has expanded its operation and is now representing a new credit repair company in Tampa and is getting rave reviews. They now provide credit repair services in Tampa, St. Petersburg, Clearwater and Largo an as well service the entire state of Florida.

New Credit Repair Company in Tampa

Dale and Shirley Guiducci began assisting consumers with removal of derogatory items from their credit reports in San Diego in 2012 after trying to find a reputable company to help clients of their accounting business.

“We introduced United Credit Education Services to the San Diego market and it really took off just by word of mouth. We told friends and business associates that began using the services and shortly after we started getting calls from real estate and mortgage professionals who had clients that needed help with their credit score.” says Dale Guiducci.

Late in 2014 the Guiducci’s made a decision to move cross country to the Tampa Bay area and have now settled in Largo, FL. Shirley explains, “Because of the success we had in San Diego and the people we had working with us there we were able to make the decision to move wherever we wanted. We saw a need for a new credit repair company in Tampa. And, what better area in the country to move to than the Gulf Coast of Florida?”

Credit repair or credit restoration is the removal of erroneous, obsolete and/or unverifiable items from credit reports produced by the big three credit reporting agencies (CRA), Experian, Equifax and Transunion.

One ERA Credit Services client, Bryan Fallucca, told us, “What they did for me is nothing short of a miracle. I had the worst credit possible for years & it really took a toll on me both mentally & financially! They took my score from the high 500’s to a 748. Not only was I able to get a new car with nothing down & a very low monthly payment, I was also able to move me & my daughter into a better area of town & school district.”

A mortgage professional, James Hooper of Capital Line Mortgage shared, “ERA Credit Services helped one of our clients improve their credit from a 645 mid score to a 700 mid score on the dot. Our client now has the ability to refinance at much better interest rates 6 months after starting to work with ERA. Dale and ERA will be getting all our customers that need credit repair in the future.”

The owners of ERA Credit Services, now a new credit repair company in Tampa Bay

Dale and Shirley Guiducci are owners of ERA Credit Services, an Agent of United Credit Education Services. ERA Credit Services now has more than 280 Agents providing credit repair and other financial services to consumers in all 50 states.

Contact:

Dale & Shirley Guiducci
ERA Credit Services

4500 140th Avenue North
Suite 101
Clearwater, FL 33762

727-222-0120
619-492-3040

Email: info@eracreditservices.com
www.eracreditservices.com