7 Reasons Why Some People Put off Credit Repair ...


Good credit results in easy loan approvals and helps you qualify for better interest rates. But unfortunately, credit repair isn't a priority for everyone. Credit scores range from 350 to 800. Although some people knowledge their low credit score, they put off credit repair. Here are seven reasons why some people don't repair their credit.

1. They Don't Think Their Credit is Bad

Some people don't realize the severity of the situation. They think achieving a 700 or 800 credit score is impossible, so they don't try. If their credit score falls in the low 600s, they may think it's not so bad. But the truth of the matter is, many lenders charge higher interest rates when a borrower's score is lower than 650. And to qualify for a conventional mortgage loan, you need a credit score of 680 or higher.

They're Afraid to Look at Their Credit Report
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