Hi everyone! This is not my usual blog about credit an credit scores, but I do feel this is a conversation that I need to share with my readers.
I was talking with someone today and as usual, I was talking with them about their credit and looking to share ways to empower them financially. This young lady informed me that she had recently paid someone $500 to repair her credit as she was trying to purchase a vehicle. She then continued to share that, indeed, her credit was repaired and she was able to purchase the vehicle. Interestingly, she said, after six months she was back in the same position she was in before, and she wanted to know why and how this could be possible.
It was at this point that I told her the why she was at this point was because she needed to go through a rehabilitation process, and how it happened was because she went overboard with all the new credit she was able to get once her credit score went up.
Now I believe we know that the minute creditors see that you have a high score, (i.e., 600 or more) they will start flooding you with credit card offers. These offers seem great, at first glance, but for individuals who have not gone through a rehabilitation process, it is easy to immediately fall prey to these enticing offers.
Now you may ask, how can rehabilitating my credit benefit me? To provide a beneficial answer, let us first define rehabilitation. Rehabilitation is the act of restoring to health or normal life by training and therapy after a period of disfavor. Here at rehabilitation.credit we will walk with you to help you understand the why’s of what we do that cause us to get back into unfavorable financial situations. The goal here is to provide you with the insights needed to never make poor financial decisions again. Ever!
Now, if you’ve never made these type of financial missteps and this does not apply to you, that’s great. But if this does apply to you or someone you know, please don’t hesitate to contact us at rehabilitation.credit and we will contact you within 24 hours to begin the process of assessing your situation and guiding you toward financial freedom. If the idea of financial freedom sounds important to you, please contact us today.