Mary, a 26 year old mother of two, sat across the desk from me, dabbing her eyes. “I need another car, but I can’t seem to get a loan, they said my credit was bad, that I had missed paying the electric bill too many times. I had to get the old car fixed and it maxed out my credit card and then I couldn’t pay the electric. Now I can’t get to work unless I get a different car, I just don’t know what I’m going to do.”
I can sympathize with Mary, and in fact, I see a lot of clients just like her with similar stories; a returning military vet who didn’t have his job once he returned, a young professional just out of college, shocked by the repayment demands of his student loans.
While you might think these people aren’t hard workers, or they didn’t pay attention to their spending, I can tell you, I was in the same shoes. As a college student, I would miss credit card payments so I could spend my money on the weekends. That caused late fees, interest, and ultimately, a poor credit score. I didn’t realize the damage I was doing to my credit rating. In fact, when I went to purchase my first car, I only qualified for a loan with a 21% interest rate. What happened?
I began a self-education journey, determined to learn all I could about how to fix my credit. There were so many contradictions so I began to experiment – if I did this, what would happen? What if I did that? I took an internship with a credit repair company and saw the how the system worked, and discovered the industry favors the industry – not the consumer.
I partnered with a friend to start our own credit repair company. We grew quickly, but decided to part ways after a few years. In 2007, I launched InCreditable Advisors, a family owned, local credit consulting company.
Today, the world of credit and lending is more confusing than ever. There are many so-called agencies splashed across the internet offering the promise of credit counseling and repair. What unsuspecting consumers don’t know is that these internet agencies handle each case the same – with automated responses and cookie-cutter solutions.
I began InCreditable Advisors to offer a personal solution to hard-working people who are over their head in credit card debt or in need of establishing better credit. I’ve seen the tactics the big internet credit companies use. I’ve talked with consumers who tried working with big companies only to fall right back into credit trouble.
We are Indiana’s only licensed, bonded, and insured credit consulting company, working with both individuals and businesses. Our goal is to educate our clients and show them how to be successful when it comes to utilizing the power of credit.
There are a lot of misconceptions about using credit – while some “gurus” say a credit score isn’t necessary, there is plenty of evidence that our economy runs on the positive use of credit. Homes are purchased, families are more secure, and business owners can expand and flourish.
Using credit wisely – and keeping your credit rating healthy means you have more purchasing power. A poor credit score can mean you’ll pay double or triple the cost of important purchases such as a car or home.
Nothing satisfies me more that hearing clients’ success stories, whether it is purchasing their first home, paying off a high-interest rate credit card, or an insurance agent whose credit profile kept them from getting a security clearance.
Thankfully, we have no repeat customers. What we do have is a great relationship with former clients who ask us for advice on everything from what realtor or loan officer we recommend to the best dealer to purchase a car from.
If you are looking for answers from someone that will sit down with you, take the time to understand your unique situation and challenges, and work with you on a successful outcome, then call us at InCreditable Advisors. We are a family owned local business – in the business of providing a service that will nurture individuals, build strong families and communities and a healthy economic future for all.