Rene Manfre's Blog

Credit Scores Are Important To A Healthy Life !!!

Are you being turned down for home loans, refinancing, automobiles, department store cards, or even gas cards?
Are you paying a higher interest rate than you should, or has your credit limit been lowered?
Are you tired and embarrassed by the constant calls from creditors and collection agencies harassing you?
Have you faced repossession or foreclosure?

In today’s economic climate, a growing number of Americans suffer from negative ratings in their credit file including delinquent payments, judgments, collections, foreclosures and bankruptcies. Not only do these items prevent consumers from obtaining new credit when they need it most, clients may also face additional penalties such as increased interest rates on credit cards, higher late fees and over-limit fees, shorter grace periods and lowered credit limits.

Most people with bad credit are not irresponsible, nor are they unwilling to pay their obligations. In fact, if you’re like most people, you probably maintained a good credit profile until an unforeseen circumstance like a layoff, medical problem, or divorce prevented you from making a few payments in a timely manner.

The truth is that most people struggle long and hard to meet their obligations but the money coming in just doesn’t meet the bills going out. If the circumstances become serious enough, many people have been forced into foreclosure or to file for bankruptcy protection.

More today than ever before, our increasingly tight credit market demands a high credit score. Why? Over three quarters of all lenders use credit scores when approving loans or credit. The importance of your credit score doesn’t end there. It’s also used to determine your interest rate, the amount of your down payment and the variety of mortgage types available to you if you’re buying a house, your ability to get a car loan, the premium on your auto or homeowner’s insurance, and even your ability to get a job. For example, some insurers are using low credit scores as indicators to identify individuals they believe are more likely to make claims against their insurance policies. These insurance companies maintain that there is a correlation between poor credit and filing multiple insurance claims. Last, but not least, if your credit score is on the low side, you’ll pay a higher interest rate on bank loans and credit cards, and may even see your credit limit decreased.

Recent government surveys indicate that less than a third of Americans have viewed their credit report within the past year. Many more do not know their current credit score even though financial experts constantly advise consumers to review their credit reports for accuracy. A recent survey revealed that nearly 80% of all consumer credit reports contain serious errors or mistakes of some kind. This prevents millions of Americans from being able to purchase homes or automobiles, or finance other goods or services they need. You, very likely, could be one of those people with inaccurate information. Additionally, many people are paying astronomical interest rates, or have been denied financing unnecessarily due to low credit scores.

Because your financial health revolves around your credit score, it is important that the information your credit report contains be as accurate and up-to-date as possible. Millions of inaccurate items have been removed from consumers’ credit reports since the Fair Credit Reporting Act was passed in 1971. Why shouldn’t YOU join them and start saving money right now?

By Manfre and Associates

More than 25 years of sales and management experience in variuos industries such as Business Brokerage, Credit Repair Services, Insurance/Finance, Real Estate, Marketing and Advertising.
My advantage above all is that I have embraced challenging times as an opportunity of learning new ways of doing business and working along with companies in providing my experiences to support the growth of increasing profits.
I am ambitious, innovative and overflowing with ideas.
I value Leadership, Building Strong Relationships and Teamwork.

Ownership and Management Expertise.
Credit Repair Services Nationwide
Insurance Services
Restaurant/Coffee Bistro Owner
Real Estate Trainer/ Agent/Real Estate Development / Investment Property Management
Business Broker Consultant / Business Evaluations/ Business Franchising
Health Club Facilities
Staffing Services
Internet Marketing and Advertising

2014 Goals
Serve companies, clients and friends in any way possible that may be beneficial in increasing profitability and partnering with great people who want to make a difference to others.

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