Who Else has been Hit by Big Brother Credit Files
By Geoff Morris
Have you ever wondered why you have a credit record, even though you think you have 'Nothing to record?'
Unfortunately, it is a sad fact of life that we are all becoming just a series of numbers and statistics in this ever-expanding, and sometimes failing, credit-based society.
Even to people like Bank Managers, who used to be able to exercise 'personal judgment' when considering a loan.
I can remember, about 20 years ago, when I was importing visual display terminals from a source in Canada, when I needed $50,000 for three days just to import some stock to ready buyers. I just told my friendly bank manager, who had watched my business grow, and he simply marked my account for the extra amount.
Nowadays, luxuries like personal judgment are unfortunately a thing of the past, as we are now just numbers in an ever-impersonal society.
Fine - but what if somebody pushes the wrong button on a computer input form, or a malfunction occurs, or worse still, somebody tries to steal your identity?
Get a bad or an adverse credit rating and in today's impersonal society - you are virtually done for! And you know what? The first you actually realize it is when you are embarrassingly turned down for a $549 washing machine that you want to use a credit purchase for in a busy store .
How embarrassing and frustrating!
Worse than that, say you bought your property on a fixed rate mortgage several years ago (unheard of now of course!), and your fixed term is coming to an end. You go to renew it, or to look for a better provider, and Boom! You have a lousy credit score that you knew nithing about - so you either have to accept the hideous extension of credit your existing mortgage provider will offer, or find that all the other mortgage providers will only help you with a whacking great loading on their interest rates!
So, you have two courses of action here. You can attempt to try and sort out the mistakes on your file by some faceless person (or computer) by approaching one or more of the Big Three credit reporting companies, or you can approach one of the small number of credit repair agencies that are springing up in the UK.
You have a vast choice if you live in the States, although there are some rogues amongst that bunch, but in the main, credit repair companies can do a very professional and fast job on your behalf.
If you look for the best deal, you may well find one or more of these credit repair agencies that do far more than just that, and can offer a complete ongoing credit management reporting facility on your behalf.
With the massive rise in computerization and the possibility of human or machine error, and the ever-increasing identity thefts on the internet, such a service should not only save you a good deal of money but also help you to sleep at night.
About the author
Geoff Morris is an Internet and Property Entrepreneur who quit his corporate job many years ago, and is no stranger to taking on Credit Institutions to protect the integrity of his public credit files. See how he learnt to
question and repair his credit files at
http://www.questionmycredit.com from http://www.FreeArticlesAndContent.com
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