hose with bad credit may soon be in a world of hurt, as banks impose stricter standards for credit card applicants amidst economy worries. "BankTs are a lot pickier than they were even a year ago" states Jay Peters, President of Zodiac Publishing Corporation and publisher of Credit Repair Oracle. According to Peters, those consumers who are currenly experiencing bad credit are especially likely to suffer as a result of industry-wide cutbacks.
When asked for an explanation, Jay responds "For a while it has seemed that anyone with a pulse could get a credit card. This is quickly changing. A few bad marks on your credit report needing credit score repair wouldn’t have ruled you out a couple of years ago, but soon those ‘rough patches’ could make it virtually impossible for you to obtain a decent credit line."
When asked how Americans should respond to current credit card approval trends, Peters stated that the best bet for consumers is to start with bad credit repair as soon as possible. "Don’t wait around in hopes that the banks will lower their standards." Jays says that the best approach is a proactive one, and that many consumers could probably find themselves in "prime" scoring ranges with a little education and a little focused effort.
To help keep consumers from being left behind in today’s economy, Jay.’s company now offers free reports and videos to education consumers on their website: creditrepairpublishing.com.
For more information you can call them at (775) 298-4700.
