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Save Money and Lower your Payments by Improving or Repairing
Your Credit
Having a better credit score not only represents easier access
to money from lending institutions, but more importantly
represents instant money in your pocket.
This probably sounds like something obvious for most of
people, but it isn't until you start thinking in terms of real
examples and real dollars that most of us start to understand the
magnitude of the benefits associated with a good credit
score.
For example, let's say that John, with a credit score of 640
wants to buy a house with a 20% down payment. At the same time,
Terri who has a credit score of 720 wants to buy the same house
with 20% down also.
Did you know that John, will be paying $108,600 more than
Terri for the same exactly house? (assuming a $200,000 sale price
with a 30 year mortgage).
People with credit scores of 720 and higher are more likely to
retire younger and wealthier, because they will have to pay less
money to acquire goods like their home, cars, etc; than someone
with lower credit score.
Getting a credit score of 720 is not as difficult as credit
institutions make it sound. There are proven techniques and
guides that can help you achieve that goal.
Copyright © 2005 Excellentcreditnow.com All Rights
Reserved
Carmen Shearer is the President and CEO of S&S Financial
Services. She has worked in the finance arena for over 10 years
and holds two engineering degrees and an MBA from a branch of
Harvard Business School. S&S Financial Services offers you
credit repair tools and information with a lifetime guarantee.
For more credit related information go to: http://www.excellentcreditnow.com
MORE RESOURCES:
Clock ticks down on credit bureau class-action dealIndianapolis Star, United States - 57 minutes agoIn a class-action settlement, credit bureau TransUnion has agreed to provide free credit- monitoring services to millions of consumers to settle claims it ... |
MORE COLLEGE CREDITChicago Sun-Times, United States - 10 hours agoDespite the current nationwide credit crunch, the State of Illinois secured $100 million for the student loans by tapping a new source -- credit unions. ... |
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