Valley Village, CA -- (ReleaseWire) -- 12/23/2015 --Abraham Maslow's theory of needs attempts to identify the internal factors that motivate an individual. According to him, individuals are motivated by unsatisfied needs. From his theory, those needs create internal pressures influencing a person's behavior. The needs must be met in a strict sequence starting with the ones at the bottom of the pyramid.
CREDIT AND CREDIT REPAIR AS TODAY'S HIERARCHY
Credit is borrowed money used to purchase goods and services when you need them thereby ensuring some needs are met. Credit repair ensures your chances for accessing credit are increased by lenders. From the theory, Maslow identified five levels at which the needs must be satisfied.
At the bottom of the pyramid are physiological needs which constitute the most basic amenities for human survival. These needs are food, shelter, clothing, water and physical needs. Provision of housing may be through renting or buying. Landlords check the credit history of potential tenants thus credit repair is essential in ensuring the need for shelter is met. When buying a house through mortgage, a low credit score may mean increased interest rates by lending institutions reducing your chances of accessing the mortgage.
The second level of needs is the safety needs. Individuals are driven by the need to gain job and financial security, health security, family security and environmental protection. Financial security is gained through high credit scores due to better management of debt. When short listing candidates for job opportunities, employers check the credit rating of the future employee thus a higher credit score will increase your chances of job security. One can access better health amenities through credit and insurance.
The third level of needs is the social needs, need for companionship, friendship and belonging to a group. While not always the case, people tend to associate with success. Poor credit ratings may be viewed as a failure. One may find themselves shunned when the consequences of bad debts start being felt such as recalling of mortgages by lending institutions. In such cases, credit repair is essential to restore broken relationships for the individual to have a sense of belonging.
The fourth level of needs is the esteem needs. Closely hinged on social needs, they include pride, prestige, recognition from others, status and self recognition. Credit increases an individual's status in the society through achievements one may make using the availed resources. An example would be purchase of luxury items such as a yacht. Building a business empire using loans is another example that can only happen if one has a good credit rating. They give one status and good standing in the society.
The last level in the hierarchy of needs is self actualization. This is the need to be the best one can be by developing to their fullest capabilities and achieving worthwhile goals. Once all other needs are met, an individual is said to be self actualized. Career wise, family life, social standing and all other goals have been met. The individual may continue self improving on areas they feel need to be polished up.
CONCLUSION
It is therefore safe to conclude that Abraham Maslow's present day hierarchy is credit. The availability of credit repair is one way of reducing motivational conflict. Without access to credit, people do not have the opportunity to improve their incomes thus limiting their ability to meet their needs. Pyramid Credit Repair empowers a population through opening up means of accessing resources for their needs to be met.
About Pyramid Credit Repair
PyramidCreditRepair.com is an innovative leader and provider of credit report repair services in the United States. Pyramid Credit Repair is made up of experienced, dedicated individuals determined to help those with bad credit erase prior financial defects from their records and discover ways to improve their credit scores.
For more information, please visit http://www.PyramidCreditRepair.com