More today than ever before, our increasingly tight credit market demands a high credit score. Why?Over three quarters of all lenders use credit scores when approving loans or credit. The importance ofyour credit score doesn't end there. It's also used to determine your interest rate, the amount of yourdown payment and the variety of mortgage types available to you if you're buying a house, your ability toget a car loan, the premium on your auto or homeowner's insurance, and even your ability to get a job.For example, some insurers are using low credit scores as indicators to identify individuals they believeare more likely to make claims against their insurance policies. Last, but not least, if you have a lowcredit score, you'll pay a higher interest rate on bank loans and credit cards, and may even see yourcredit limit decreased.
How Much is your Bad Credit Really Costing you?
for more information contact Sabrina Brown 254-563-0424
Author:Sabrina Brown Phone: 254-563-0424 Dated: February 2nd 2015 Views: 658 About Sabrina: ...
Now, buyers have a ‚Äúsecond chance‚ÄĚ program designed for borrowers
"I was referred by a friend because Real Estate Market Place is so extremely friendly and helpful. We visited a large number of homes before I found one ready to purchase. TREMP was great as I work weird hours they were able to work around my schedule and ensure that I saw all the homes I wanted to see. I was sent a frequent email so I was able to watch for new homes and any changes that came up on others. They met my needs 100%!