Is Your Poor Credit Rating Holding You Back?
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Photo by Janko Ferlič on Unsplash

You go to the gym to take care of your body, but what do you do to take care of your financial health? If the answer to this question is, “not much”, maybe it’s time to make a change. You may have a poor credit rating that will hold you back from hitting your financial goals in the future.

It is possible to boost a credit rating. When a credit rating goes up, it’s easier to access affordable credit when it’s needed. If you aren’t on the property ladder, you may want a mortgage loan someday. You may want to buy a hot car and need a car loan to handle the cost of your dream ride. You may need a personal loan just to make ends meet, or for a special expense, such as an engagement ring or vacation. When a credit rating is poor, it’s harder to manifest dreams. It’s a lot harder.

Working on boosting a credit rating may not be as much fun as checking out Instagram models on your smart phone, or grabbing a beer with the guys, or going to a hockey game, but fixing a poor credit rating is well worth doing, because doing so will make it easier to enjoy life in the future.

Now, it’s time to talk about the disadvantages of having a poor credit rating, and what you can do to deal with the problem. It’s actually easier than you might think to take care of this problem.

Is A Bad Credit Rating Really That Bad?

If you want to get ahead financially (and who doesn’t?) and want the freedom to do as you please, a bad credit rating really is a bad thing. Unfortunately, a lot of people are clueless when it comes to credit ratings. A survey by Pollara showed that 52 percent of people have no idea what a good credit score is. Millennials are savvier than other age groups. Most do check their credit scores at least once every 12 months.

Good credit scores are credit scores between 680 and 720, according to a BMO VP. When a credit score is poor, it opens the door to so many annoying problems. Some people with poor credit scores have difficulty renting apartments or getting approved for loans. So, it’s not just about interest rates for loans. The downside of poor credit can be greater than paying high interest rates to borrow money. Of course, paying higher interest rates to borrow money is no fun. It’s a major drawback, too. If a financial institution or third-party lender considers you a credit risk, you’ll have to pay a higher-than-average rate of interest just to borrow.

What Can You Do About It?

You now know (if you didn’t know before) that having a poor credit rating sucks. It’s not a pathway to a great financial future, and our finances play a role in our overall happiness. So, what can you do about it?

First, you need to know where you stand. That means determining your credit score. is a good place to access credit report information. Scoreshuttle helps people by getting to know them, pulling TransUnion credit reports, displaying problems in credit reports, creating roadmaps for achieving better credit scores…and a lot more. We’re mentioning because this online platform will do a lot of the hard work for you. It’ll offer you facts and advice that you need.

The service is easy to use. It’s a fast way to start tackling the issue of bad credit. This service is invaluable because it will also display credit report errors which might be disputable. will also give you the tools to challenge inaccuracies in your credit report. When credit report mistakes are fixed, a credit score will rise.

After you get a roadmap for fixing your credit score from, it’ll be time to change the way that you handle your financial life. This is the key to boosting a credit score. For example, paying your bills right on time in crucial. If you let payments slide sometimes, because you’re disorganized or short of cash, that’s something that you need to fix. If you routinely max out your credit cards, make changes, so that your credit card balances are 30 percent of the limit or less. Put good credit after bad to take better care of your financial health.


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