Having poor credit can prevent you from pursuing your dreams and cost you a great deal of money in fees and interest that you could avoid paying! CREDIT CARDS
A low credit score can impact whether you are eligible for a card, and if you are, can increase your interest rate. A good credit score helps both areas. HOME LOANS/MORTGAGES
If you apply for a home loan, the bank will run your credit repo
rt. Your credit score will affect whether you can obtain a loan and your interest rate. A lower credit score can add thousands of dollars to the cost of your mortgage. AUTO LOANS
When you purchase or lease an automobile, your credit score will determine if you can finance the car. Interest rates on your loan will move as well. AUTO INSURANCE
Most insurance carriers check your credit score to set your premium because they consider it a risk factor. A poor credit score can affect whether you get insurance or your rates for years to come. JOB SEARCH
As part of the Fair Credit Reporting Act, a future employer can legally review your credit report (with your written approval). The report doesn’t include your credit score, but it can be used to determine whether you are financially responsible.
