San Francisco, CA (PRWEB) October 23, 2012
The way credit works in this country often doesn’t make sense. While banks spend millions of dollars each year sending credit card and loan offers to our homes that wind up in the trash, consumers are left confused and overwhelmed, guessing which option is best for them, and unsure of which ones they can get approved for.
The result is that a very small number of consumers who are matched with credit card or loan offers apply or are accepted. In fact, according to some estimates, fewer than 2% of people who receive credit card offers online and .5% of those who get them in the mail wind up with those cards. At best this is an inefficient and expensive system. At worst, it often prevents consumers from getting the best loan or credit card option, and in fact may damage their credit in the process.
There is a better way.: Show consumers the products they want and are mostly likely to qualify for before they apply.
Credit.com has developed a system to simplify credit in a way that empowers consumers with information and tools to make better decisions. Here’s how:
Credit.com’s relaunched website provides consumers with an easy-to-use dashboard of their credit standing, including their credit scores, for free every month. The dashboard also displays the financial products for which each consumer is most likely to be approved and that meet their credit needs. This takes place before they apply.
We make credit easier for consumers by providing answers and guidance:
Credit.com removes hurdles and empowers consumers at no cost to them.
Giving consumers relevant information up front, for free, helps them avoid unnecessary rejections, credit inquiries, and lost savings. Pair that with a simplified credit profile, a wealth of expert articles, and an informative community forum, and this platform takes the guesswork out of the credit process. This allows consumers to make healthy credit decisions and helps them to get exactly what they need.
Founded by a former state director of consumer affairs in 1995, Credit.com is the go-to source for expert information about credit scoring, credit reporting, credit cards, and lending. We are changing the way credit works, providing consumers with simplified access to their own credit data for free and interactive tools to help them make better financial decisions.
Editor-in-Chief & Director of Communications, Credit.com
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