Credit repair seems to be the up and coming business lately.  I don’t seem to be able to watch any television show without seeing commercials pounding the message to the audience that they need to use their service to find and improve credit scores.  A lot of commercials try to convince the viewer that with a bad credit score you won’t even be able to land a job!

So obviously clean credit is very desirable.  However, I’ve heard from a lot of different sources that having bad credit will only effect your ability to get SOME jobs.  And only if that bad credit is because the debtor has not paid off government subsidized student loans.  So I think that these commercials are preying on the audience’s ignorance of what can actually happen to a person with bad credit.

Unfortunately, people with bad credit do find themselves paying higher interest rates because they are a higher risk.  What is so sad about that is the fact that these are the people who need lower rates to help them to get their finances in order!  I feel that the entire credit industry is upside down on this one!