Credit scores can be a scary or enlightening thing, and if yours is not in a good place you may think you don't need to improve it because you don't plan on buying anything large right? Life changes from day to day, and you would be surprised the things you end up doing or wanting to later in life that you did not before, and may find yourself unable to do so, because of things like credit. Here are some reasons to improve your credit:
1) Lower Interest Rate on Loans and Credit Cards
Credit is a snapshot of risk, if you have lower credit then you are more of a risk. So to cover themselves in order to do business with you, businesses' will have to charge you a higher interest rate. It is always in your best interest and money saving efforts to have better credit when applying for things like Mortgage Loans.
2) Leverage to Negotiate Lower Credit Card Interest Rates
In some cases, you should not ask for things if they are not offered. However, if you have good credit and are looking to get a credit card- you can ask the company for a better interest rate. With good credit, you are worth offering it to. You will save countless dollars with a lower interest rate, and I am sure you have better use for the money you saved.
3) Qualify For Lines of Credit
Lines of credit have so many uses, for example-appliances or furniture. Costs of living that come up randomly and often have large dollar tags, with good credit you qualify for a good line of credit to help cover the costs of those life expenses.
4) Qualify For Higher Limits
The stronger your history, the better case you have for a higher credit limit. With more money to borrow, you can be ready for more opportunities that may come your way.
5) Rental Approval
When looking for a place to rent, it is customary to submit your credit report or let it be pulled. Bad credit with a good story may be accepted, but is a much harder sell. The better the credit, the better your rental application is.
6) Better Insurance Rates
Everyone needs insurance, wouldn't you like to pay less for good coverage? Most people would. A key component to this is good credit.
7) Employment
When one is applying to work for someone, they go through a thorough check. One of these checks is Credit. Strengthen your position as an applicant to get that job so you can have a good life.
8) Avoid Security Deposits
When moving, there are often security deposits from Utility and Cell Phone companies. Before they charge the deposit though, they run your credit. With good credit you will avoid having to pay a deposit since you are a less risky customer to the company.
I hope that any one of these reasons move you to better not only your credit but to better your life in the process. Let me know if you need any help in doing so, and are ready to buy a house with that awesome credit!
Orange, CA-TRREG DRE#01843673-RP100 DRE#02059058-P:714-831-1800-E:info@theresultsrealestategroup.com-W:www.theresultsrealestategroup.com-Facebook - Twitter - Instagram - LinkedIn
1) Lower Interest Rate on Loans and Credit Cards
Credit is a snapshot of risk, if you have lower credit then you are more of a risk. So to cover themselves in order to do business with you, businesses' will have to charge you a higher interest rate. It is always in your best interest and money saving efforts to have better credit when applying for things like Mortgage Loans.
2) Leverage to Negotiate Lower Credit Card Interest Rates
In some cases, you should not ask for things if they are not offered. However, if you have good credit and are looking to get a credit card- you can ask the company for a better interest rate. With good credit, you are worth offering it to. You will save countless dollars with a lower interest rate, and I am sure you have better use for the money you saved.
3) Qualify For Lines of Credit
Lines of credit have so many uses, for example-appliances or furniture. Costs of living that come up randomly and often have large dollar tags, with good credit you qualify for a good line of credit to help cover the costs of those life expenses.
4) Qualify For Higher Limits
The stronger your history, the better case you have for a higher credit limit. With more money to borrow, you can be ready for more opportunities that may come your way.
5) Rental Approval
When looking for a place to rent, it is customary to submit your credit report or let it be pulled. Bad credit with a good story may be accepted, but is a much harder sell. The better the credit, the better your rental application is.
6) Better Insurance Rates
Everyone needs insurance, wouldn't you like to pay less for good coverage? Most people would. A key component to this is good credit.
7) Employment
When one is applying to work for someone, they go through a thorough check. One of these checks is Credit. Strengthen your position as an applicant to get that job so you can have a good life.
8) Avoid Security Deposits
When moving, there are often security deposits from Utility and Cell Phone companies. Before they charge the deposit though, they run your credit. With good credit you will avoid having to pay a deposit since you are a less risky customer to the company.
I hope that any one of these reasons move you to better not only your credit but to better your life in the process. Let me know if you need any help in doing so, and are ready to buy a house with that awesome credit!
Orange, CA-TRREG DRE#01843673-RP100 DRE#02059058-P:714-831-1800-E:info@theresultsrealestategroup.com-W:www.theresultsrealestategroup.com-Facebook - Twitter - Instagram - LinkedIn
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