Four Reasons to Keep Good Credit Scores

1
Four Reasons to Keep Good Credit Scores
DO NOT PAY RIDICULOUS INTEREST ON YOUR
LOANS Suppose you and your neighbor earn the
same amount, live in the same neighborhood and
have the same training, but your credit score
differs only. This three-digit number will only
make the banks treat you differently than your
neighbor. Assuming your credit score is lower
than yours, you can expect your neighbor's
interest rates to be 2 to 5 times higher than the
rate you pay. BORROW MORE AND KEEP YOUR
UTILIZATION IN CHECK
A high credit score gives you more buying power
because banks will be more willing to lend you
large amounts of money. This helps you in more
ways than one. You can buy more expensive items,
cars or jewelry more easily. You can also
increase your credit limit to maintain your high
credit ratings.
RECEIVE MORE REWARDS
Many cards offer you hundreds of dollars in cash.
But you can only get approval for such cards if
you have a high credit score. If you need help
to maintain excellent credit, contact me directly
at 406-730-7989.
PAY LESS ON INSURANCE
An excellent credit convinces many insurance
companies of their character in terms of
financing. Low scores indicate that you are more
likely to file a claim. This makes buying
insurance more expensive. This is also going in
the opposite direction. A high credit score can
save you hundreds of dollars in insurance each
year because insurance companies know that people
with higher credit scores are not as likely to
file a claim.
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