Here?s an interesting infographic that primarily focuses on the British consumer credit reports. It provides some interesting facts and figures and what is extremely curious is that it?s very similar to the US consumer?s credit report.
Not every consumer in the world has credit and not every country focuses on having and reporting credit. Most often though, the countries that do have similar credit reporting agencies as we do and Canada as well as the UK are very similar to us in that respect.
Credit can be a struggle world wide because it is a person?s financial reputation. Without some sort of credit or someone to vouch for you, why should banks lend you money? They don?t know how able you are to pay it back and to give out money blindly would cause the bank to lose profits and reserves and in turn it would cause the investors in the bank to lose a lot of money.
Knowing that the roads are similar in different areas can strengthened the importance for having good credit within the USA. Good credit is only useless if you?re paying for everything in cash and even then there?s still a need for companies to be able to trust you and your reputation in one way or another.
Here?s the infographic for the road to good credit. We hope it helps you better understand your credit and why you need good credit as well.
If you have any questions, comments of feedback on this infographic, please email us and let us know what?s on your mind and if our credit repair reviews are helping you find the right credit repair company. Also, if you need any help or guidance on the best credit repair company to help you obtain your good credit score, please visit our home page and you?ll be provided with a list of the top credit repair companies in the credit repair industry.