Good credit is essential in today’s age for investing in large products such as a car, an apartment or even a house. According to the real estate firm Zillow, prospective homebuyers with a credit score below 620 are being denied quotes, resulting in 30% of Americans without a mortgage.

Home equity loans are becoming extremely popular due to the fall in negative equity rates. Rather than acquiring a low interest rate, homeowners are yearning for cash to pay off their debt. Low credit scores are forcing many individuals to default to cash.

Many Americans are unaware that credit scores affect countless aspects of their lives and bad credit can linger for many years. For example, bankruptcies and judgments can potentially remain on your credit report for up to 10 years.

Affordable Financial Services LTD offer debt consolidation services to those who have outstanding debt, whether it is credit cards, auto loans, student loans or back taxes. Its expert staff can consolidate that debt through refinancing of the homeowners existing mortgage into one low monthly payment. Debt consolidation is an alternative to bankruptcy. It helps those in trouble improve their creditworthiness. For more information, please call (888) 500-0282 or visit www.affordable-finanacialservices.com