(PRWEB) April 27, 2010
Houston, TX As lending by financial institutions get tighter, consumers are having to become more credit literate says Christopher Byrd, a credit expert at a Houston area credit union.
“Consumers who two years ago had loans approved, are shaking their heads this year when they are denied with the same credit score and history as before. This is forcing consumers to learn more about how credit works and how to improve their credit,” said Byrd.
He went on to explain that consumers who are desperate to fix their credit get caught up in quick fixes which often times involve filing bankruptcy or credit counseling with service fees. This happens because most financial institutions who turn people down only tell them why they were declined, instead of educating them.
“Not me,” Byrd said. “Consumers need to know how to improve their credit the right way. This means treating credit like a marathon instead of a sprint. There are no quick fixes that will improve your credit over the long run,” Byrd added.
He went on to say, “It only makes sense for financial institutions to help their customers build better credit. Not only does it help the customer improve their credit and financial situation, but it also helps the financial institutions write more loans because your customers are more credit-worthy.”
Byrd explained that consumers in this economic climate want to learn more about credit and it just makes sense for banking professionals to help their customers have long term credit success.
About Christopher Byrd
Christopher Byrd has years of banking and credit union experience. He has a degree in Marketing specializing in Sales Management from the University of West Florida. He is an expert in building relationships with customers, helping financial institutions train lenders, service representatives and tellers to improve their performance, and assisting consumers with negotiating and financing for vehicles.
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