Recognizing that Many Americans are Forced to Rely On Revolving Credit to Pay Monthly Bills, Causing Credit Scores and Loan Approvals to Decrease, New Credit Repair Website Offers Proven Solutions

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Consumer credit, revolving credit (such as credit card debt) continues to climb as current economic slump puts financial squeeze on many, prompting a decline in credit scores and loan approvals, leaving many Americans looking for answers on how to improve personal credit ratings and the interest rates available for loans needed to survive, which can now be found at new website, KashKats.com.

Earlier this month, the Federal Reserve released the G-19 Consumer Credit report, showing that consumer credit has increased at an annual rate of 2.5%; however, the real eyebrow raiser is the dramatic increase in revolving credit (like credit card debt), which increased at an annual rate of 6%, bringing outstanding revolving totals to $951 billion, or $2,540 of credit card debt for every man, woman and child in the United States. This is aside from the $1.5 trillion in non-revolving credit, like auto loans, which equates to an additional $4,984 debt per person, and represents a .6% increase. As Americans stretch every dollar, a new website hits the Net that is dedicated to raising credit scores and lowering the interest rates available to today's struggling consumer.

This is particularly important as the current economic downturn forces record numbers of Americans to carry larger balances on their credit cards, using this revolving credit to bridge the gap between paycheck dollars simply to make ends meet, oftentimes not able to meet monthly payment requirements and stressing even previously healthy credit scores.

Pair all of this with softer retail sales, higher debt levels and lower home equity levels and the result is a shaky foundation for economic growth, making now the time to get personal finances in order.

For many Americans, this means working to pay down this credit card debt or f ix credit to increase a credit score that is too low to qualify for credit or loans at a reasonable interest rate.

Yet, many people do not understand their credit score. And even fewer know that resources exist to help with credit report repair, and there are legitimate ways to remove questionable credit listings that are untimely or unverifiable, and to remove judgments or delete judgments altogether, effectively helping to raise credit scores, and even side-step bankruptcy.

Individuals battling credit score issues can consult a financial planner and develop ways to reduce your own credit card debt, working within the Fair Credit Reporting Act (FCRA), which grants consumer's rights to factual credit reporting, or turn to the Net's top online credit repair team, which boasts the legal removal of more than 3 million items including: collections, late payments, charge offs, liens, bankruptcies, repossessions, foreclosures, and judgments.

What's more, there is also a [Free Credit Report that anyone can access, which details the nitty-gritty of credit scores, explaining how credit is assessed and scored, how this overall credit score is looked at by lenders and credit card companies, and how credit scores can be raised and protected from identity theft, making it an invaluable resource for anyone.

About KashKats.com

KashKats.com is dedicated to personal finance, focusing on credit repair solutions. Relying on the Fair Credit Reporting Act (FCRA), which outlines consumer's rights to factual credit reporting, KashKats.com provides up-to-date information on proven, reliable tools that can be used to remove questionable credit listings that are not accurate or verifiable. As lending options for consumers with poor credit continue to decrease, having a healthy credit score has never been more important. No one knows this better than KashKats.com site owner, Rene Tse, who was left homeless after a string of unfortunate events caused her own credit score to plummet to 400. Tse, determined to take back control of her life, used her earnings to hire a credit repair attorney to help her raise her severely damaged credit score. This relationship not only raised Tse's credit score, but taught her about individual credit scores and credit repair. Tse, passionate about the subject, now helps others facing similar credit challenges by bringing together all the resources needed, including regularly written informative articles, a user forum that provides ongoing support and the latest details on personal credit and credit repair, as well as tips on effective online credit management, all in a single place, serving to further minimize frustrations and maximize results at a time when individuals may be feeling most isolated and vulnerable.

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KELLIE FOWLER
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