Dealing with poor credit is a miserable experience. Rejected credit applications are embarrassing and the extra costs you have to surrender because of the high interest charges on loans you do get approved for are so expensive that they limit your buying power. Compared to someone withabove average credit, someone who is able to get a new home loan with a low credit score may end up making payments of almost twice as much every month for the exact same house. Imagine the home you could afford if all that additional interest payment was applied to principle instead of interest. Without changing anything else in your life, moving from a bad credit score to an excellent credit score would allow you to move into a much larger house, purchase a better car, pay off credit cards or simply be able to put away heaps of money for retirement,education, vacations or a rainy day.

And while the benefits aren't as striking, there is still an appreciable benefit toimproving a fair credit rating. On a modest $250,000 home loan, lowering your interest rate by one percent will decrease the monthly payment by $150. Over the lifetime of a thirty year loan, that's a savings of $54,000.

It is easy to see the benefits and there is little question that anyone who intends to buy something on credit, including using credit cards, would prefer to have an excellent credit rating. Getting there is the challenge and many people throw in the towel without really trying.

Credit repair is rarely easy. It is the lucky few who have only a couple of negative items on their credit reports and are successful at removing them using the credit bureaus' respective websites. When more work is required, however, the credit repair process becomes more involved and the results more of a chore to realize. Even when the benefits of having a high credit score could result in an overall higher quality of life, people still often times quit when faced the real challenge of cleaning up their credit.

When you have given up on repairing your own credit score, it does not mean you need to give up hope on your credit goals. There are many reputable credit repair companies available to you who have the knowledge and experience that the typical consumer does not. These credit repair experts help consumers with their credit improvement efforts and are frequently able to generate superior results compared to what most people see on their own. Their services aren't miraculous (don't expect a perfect credit score overnight), and they are not a sure thing (nobody can assure the removal of negative information from your credit reports), but considering the cost of living with bad credit, using a credit repair company is certainly something anyone who wants to increase their credit scores should consider.