Mar 9th, 2020: Since the 1950s private debt in the United States has tripled to reach a total of $27 trillion. With rising costs of education and healthcare services, individual credit score ratings are at an all time low. According to reports, nearly 40 million Americans have fallen behind on their bills within the past year and more are to follow owing to changes in FICO credit scoring systems—the most widely used credit rating calculator in the market.
Lower credit ratings can effectively cut people off from financial resources and limit their spending power. Creditors are less likely to give out loans to people with low credit scores and many Americans probably fail to meet the conditions to qualify as reliable borrowers anymore. In a time like this, credit repair firms are rising to the challenge to help raise people’s credit ratings. Oak Credit is one such firm that has received much attention for their exceptional credit repair services in Michigan.
Oak Credit maintains a network of associations across some of the largest lending companies throughout the United States including TransUnion, Experian and Equifax. They use their connections to negotiate collections and have unpaid collection accounts removed from their credit reports. The company’s credit specialists also devise credit repair strategies to their client’s credit scores to help them retain access to financial resources.
A spokesperson for the company had the following comment to offer:
“With the rising debt levels throughout the United States, there’s a fair bit of marginalizing going on within the financial sector. Considering the fact that only the wealthy can pay off their debts, effectively leave over 80% of the US economy in or potentially in risk of unpaid debts and bad credit ratings. When we started out, it was our intention to help people manage their debt and help them stay on top of their financial obligations and we’re glad to have made good on that promise for all the people in the community.”
Oak Credit is one of the many credit repair companies working in Michigan at this moment but stands out for continuous efforts to help people maintain their financial wellbeing. With their efforts, people around Michigan express their relief that there exists a service that can help them with what otherwise seems like an insurmountable obstacle.
About Oak Credit Repair
Oak Credit Repair is a credit repair firm based in Michigan that helps clients improve their credit scores by deleting incorrect items from their credit reports.
Toll Free Phone Number: (888) 625.2264
Phone: (248) 621.4488
Address: Oak Credit Repair, LLC
3076 W Rattalee Lake Road
Holly, Michigan 48442