Credit Restoration Should Be Taught in Schools

Credit restoration has become as important as any life skill to get by in today’s world. To keep a good and well kept credit report, you need to know how the system works and how to keep your credit score high.

While growing up you are taught that their are certain things in your life you need to monitor and learn or you could get into a heap of trouble. Like for instance car maintenance. This would include yearly safety inspections, oil changes, and tire rotations. If we don’t do these things, the care will eventually become undrivable and illegal to drive. This is just one example of something that needs to be kept up or it will eventually come back to bite you. I could give many examples from taxes to cooking, but I think you get the idea.

The thing is, credit restoration is a relatively new concept. When your parents were growing up, they didn’t have to worry about it, so thus they didn’t teach it to you. Things have changed over the last 100 years though and just like your grandparents didn’t worry about safety inspections, your parents didn’t worry about restoring their credit.

Times have changed for a number of reasons. Here are a few things that your parents didn’t have to worry about, but you do.

  • Identity Theft – This is the fastest growing crime in the world. It is also one the hardest to find the criminals responsibly. Identity thieves can be robbing you and you don’t even know it, unless you are monitoring your credit. Living in the age of technology, you cannot afford to not be aware of your credit report’s status.
  • Credit Reporting Errors – The 3 major credit bureaus have a lot of clients, including everyone in the United States. This can cause a lot of mistakes. According to studies, 79% of all credit reports have errors and 25% of those are serious enough to effect your credit negatively. With so many people with similar names, accounts, and histories, you need to be make sure that your credit report is being reported correctly.
  • Fair Credit Reporting Act – The Federal Trade Commission has noticed the problem that these 2 above items can cause and they did something about it. They created the Fair Credit Reporting Act (FCRA) to help the consumer. This law allows any consumer to ask to have their accounts verified but the credit bureaus with the original creditors. This is an important step in restoring your credit.

As you can see, credit restoration has become an important part of our financial lives. So whether you like to do the work yourself or hire an expert to do it for you, it is important that it is a priority in your life.

The leaders in credit restoration have removed thousands of negative items off of their client’s credit reports and I’m sure they could help you too.