The World Isn’t Fair
You can do everything right and still see your credit get spiked unfairly, unjustly, and even illegally. You may have come against such situations already. See if this sounds familiar: you pay for your smartphone at the outset. You pay a monthly charge. You pay this charge for two years. At the end of two years, you decide to move.
The carrier you’re with hasn’t lowered their prices or offered you any tenured discounts for remaining with them the time you have. So now you’re looking at service through a better company. You cancel with the first company, and start service with the second company. But you’ve paid all that you owe.
Well, a month into your new service, you get a bill from the old company for the month you’ve been with a different provider. You don’t pay it. They’re insistent. You dispute the payment. You get away without having to pay anything. But then, when you go to rent an apartment, you’re denied because your credit has been compromised.
What has happened is that the credit collection agency the service provider you were with previously used couldn’t get you to pay an unjust bill, so they dinged your credit. This was an unjust thing, it was technically fraudulent, and you haven’t done anything to deserve it—but the system is digital, and computers don’t know any better.
So now your credit has been besmirched. What are you going to do to fix it? Well, you can call the credit agencies and log a dispute. As a matter of fact, this is one of the wisest thing you can do, and it makes sense to do so as expediently as possible. You can also work with credit repair software depending on your situation.
Regarding the best credit repair software, as Repair.Credit points out: “It does not take long at all after falling behind on monthly bill payments for you to start receiving calls from creditors and collections agencies.” As earlier noted, a collection agency can mar your credit if you don’t pay a bill, even if you don’t owe it.
So here’s the other portion of that strategy: you want to start rebuilding your credit. This means paying regularly on a recurring sum. As you pay off your new cellphone bill, you’re rebuilding your credit from the ding it got through a fraudulent debt collection agency. Utility bills also have this quality. If you take out a loan, pay it back quickly.
There is such a thing as “good debt”, and that’s the debt you’re continuously paying off in order to build your credit. Certainly, the best solution is to be financially whole enough that you never have to go into debt, but this isn’t always something which is possible.
Fairness Is A Hypothetical Concept
What you need to understand is that the world isn’t fair, and big corporations are able to undermine individuals though their exceptionally large bureaucratic functionality. Basically, they’ll establish a procedure of automatically billing clients who leave them, knowing a certain percentage will pay the fraudulent bill.
Those who don’t pay the bill can dispute it, and the company can eventually say: “Oh, sorry! We didn’t realize. You see, we have so many customers, every now and again the wrong information gets sent out.” You’ve got to be very careful when it comes to credit these days, and maintain a tight reign on your finances.
Even students can get credit cards, and they’ve got traditionally poor credit—so you’re not completely without options if you find your credit is low. But when you go with low-credit solutions, interest is higher, and underhanded activity abounds. Your dreams are achievable, but much easier to realize when you’re financially free to pursue them.