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A Poor Credit History Impacts More Than Credit; BBBTips™ Advise How to Improve Your Credit Report


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ClearPoint Financial Solutions

Arlington, Va., September 26, 2005 - A credit report is a record of your financial behavior that can influence many aspects of your life, far beyond the obvious. Not only does it help determine credit availability and loan payment terms when purchasing a home or automobile, it also can impact your success in renting an apartment, securing employment, purchasing an insurance policy or other important undertaking.

The Better Business Bureau (BBB) system today released BBBTips™ on Understanding your Credit Report, to encourage consumers to become familiar with their credit report and how it is used; learn more about their credit score; regularly review their credit reports for accuracy; and, find out how to improve their credit record. The new online publication is the second in the BBBTips™ on Credit series, a program sponsored by ClearPoint Financial Solutions, Inc.™ to boost consumers' financial well-being.

The new resource, BBBTips™ on Understanding your Credit Report, is available online at www.bbb.org/tips/clearpoint for easy access by consumers seeking to improve their credit record.

"Our goal is to encourage consumers, no matter what their credit history or income level, to take charge of their financial behavior. Gaining an understanding of your credit record and credit score is an important first step. You need to know 'where you stand' in the eyes of creditors before you can plan the next steps on your journey to financial health," said Ken Hunter, president and CEO of the Council of Better Business Bureaus (CBBB), the national organization for BBBs.

"Our newest BBBTips™ remind consumers, particularly those with a less-than-stellar credit history, that credit scores are not static. You can improve a poor credit score over time by improving how you handle credit," he added.

The new BBBTips™ on Understanding your Credit Report outline practical advice on how to correct inaccuracies or omissions in your credit report; positively impact your credit score over time, with little or no expense; and avoid falling for the "easy fix" when looking to improve your credit profile.

ClearPoint Financial Solutions is sponsoring the BBBTips™ on Credit series to "provide consumers with superior information tools from a well-respected source of information for consumers and businesses alike," said Dan Oelrich, president and CEO of ClearPoint.

Amida Mehta, director of marketing for ClearPoint, noted: "A poor credit report can negatively impact many aspects of life for several years. The information provided in this new set of BBBTips™ will empower consumers to take the necessary steps to improve their credit behavior."

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About ClearPoint Financial Solutions, Inc.

ClearPoint Financial Solutions, Inc.™ (formerly Consumer Credit Counseling Services of America, Inc.) is a national non-profit organization dedicated to helping consumers achieve financial wellness through counseling and education. Established in 1980, ClearPoint has helped over one million individuals achieve financial security. ClearPoint is the only non-profit System-wide member of the Better Business Bureau (BBB), and one of the largest members of the National Foundation for Credit Counseling (NFCC). Headquartered in Richmond, Virginia, ClearPoint manages branches across the country. Personalized and confidential consultations are available in person, by phone or online. Visit ClearPoint Financial Solutions at www.ClearPointFinancialSolutions.org or call 877-877-1995. Credit Counselors, CDC Consumer Debt Counseling, and Solutions, Inc. are all trade names of ClearPoint.


BBBTips™ is a trademark of the Council of Better Business Bureaus, Inc. (CBBB) used for information provided to assist consumers and businesses in making informed and intelligent decisions. BBBTips™ are developed in partnership with the Better Business Bureau Consumer Education Foundation, Inc. and made possible, in part, through the generous financial and technical support provided by corporate sponsors that are members of the CBBB and of the Better Business Bureau where the sponsor is headquartered. As a matter of policy, the CBBB and Better Business Bureaus do not endorse any product, service or company.

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