A Low Credit Score Will Cost You
- Date: 2008-07-04 - Word Count: 390
Share This!
A credit score reflects your standing in the credit market and can make the difference as to whether you qualify for a new home, that new car you've been wanting, or how much you pay in interest on your credit cards.
You have too much to lose by not knowing your credit score. Many factors go in calculating a credit score, and some of them may not be in your control. For example, if someone gets a hold of your credit card, they can accrue enormous charges that you may not be aware of for months. The charges will mount up over time as interest builds on unpaid bills you did not even know you had accumulated. Late fees escalate, and your credit and credit score tanks. This information is available to you through a free credit report, which will show you your credit score. You can see to whom you owe money and how much. Don't wait for surprises the next time you go to make a large purchase. Don't risk having your credit card taken after you attempt to pay for a business dinner; that is not the impression you want to make. Be informed about your credit score by applying for a free credit report.
Interest rates on home mortgages can vary tremendously as they are determined by your credit score. A low credit score will result in higher down payments points and origination fees and may require you to pay mortgage insurance. You will definitely get less property for the money due to these higher payments and fees. Above all, you may not qualify.
Interest for any loan, for that matter, is based on your credit score. With a low credit score, you will not get the best deals. Low credit scores may reduce chances for qualifying for student loans or significantly increases the cost of those loans. Utility companies also check credit reports before initiating service and will increase deposits if your credit is bad.
Additionally, many employers check credit reports, and an unfavorable report can reduce your ability to get some jobs.
You can easily resolve this by going online and entering a few bits of vital information. Submit a secure order form and see how quickly and easily you can have your free credit report and free credit score. You can not afford not to know your score.
You have too much to lose by not knowing your credit score. Many factors go in calculating a credit score, and some of them may not be in your control. For example, if someone gets a hold of your credit card, they can accrue enormous charges that you may not be aware of for months. The charges will mount up over time as interest builds on unpaid bills you did not even know you had accumulated. Late fees escalate, and your credit and credit score tanks. This information is available to you through a free credit report, which will show you your credit score. You can see to whom you owe money and how much. Don't wait for surprises the next time you go to make a large purchase. Don't risk having your credit card taken after you attempt to pay for a business dinner; that is not the impression you want to make. Be informed about your credit score by applying for a free credit report.
Interest rates on home mortgages can vary tremendously as they are determined by your credit score. A low credit score will result in higher down payments points and origination fees and may require you to pay mortgage insurance. You will definitely get less property for the money due to these higher payments and fees. Above all, you may not qualify.
Interest for any loan, for that matter, is based on your credit score. With a low credit score, you will not get the best deals. Low credit scores may reduce chances for qualifying for student loans or significantly increases the cost of those loans. Utility companies also check credit reports before initiating service and will increase deposits if your credit is bad.
Additionally, many employers check credit reports, and an unfavorable report can reduce your ability to get some jobs.
You can easily resolve this by going online and entering a few bits of vital information. Submit a secure order form and see how quickly and easily you can have your free credit report and free credit score. You can not afford not to know your score.
Related Tags: free credit report, free credit score
Free Credit Report is available online so you stay informed about your credit score. Free Credit Score can cost you in higher interest rates on credit cards and loans. Your Article Search Directory : Find in Articles
Recent articles in this category:
- What's In Your Credit Report?
IdentificationYour name, address, social security number, birthdate and previous and current employm - Pros And Cons Of Low Purchase Rate Credit Cards
Low interest credit cards are outstanding until the time period runs out. Most of these offers promo - Bad Credit Loan Scams
There are several bad credit loan scams out there. These are usually aimed at those that don't have - Successful Credit Repair Methods
If you bad credit, you are not alone. Fact of the matter is there are tens of thousands in the count - Auto Loans Bad Credit: Bad Credit Is Not An Obstacle Now
Now a days, people want their own Cars. Though there are Public Transport Systems, they do not watch - Credit Card Services For Your Business
Co Branded Credit cards can be very beneficial for you if you have a business. These cards are onlin - Will The Actual Natural Motion Endure Large Food? -- Horizon Milk
The natural food business may be going through major work day in energy in the past 10 years. Becaus - Prices Of Dlp Lamp Alternative Parts - Dlp Bulbs
Since you will have to purchase a DLP> lamp each and every few years, it might be useful to know the - Dlp Bulbs -- Facts About Dlp Lamp Replacement
With regards to technical breakthroughs there aren't many things that are more popular than tvs and - Ways Which Anybody May Restore Their Very Own Credit Rating Easily - Credit Repair For Dummies
If you listen to a lot of the actual ads which are available regarding credit>, more than likely you
Most viewed articles in this category:
- Credit - Repair
To make the life more comfortable people purchase lots of things from clothing to cars and homes tha - Helpful Tips For Using Low Interest Rate Credit Cards
People with good credit ratings often receive offers for low interest rate credit cards. A credit ca - Benefits to Businesses Accepting Credit Cards
Many business owners report a sharp increase in profit when they begin accepting credit cards as a m - How To Remove A Bankruptcy From Your Credit Report
Credit report repair can be a long, tedious process and one of the hardest items to get removed is a - Putting Low Interest Rate Credit Cards To Work
If you have a solid credit rating, then you may receive offers for low interest rate credit cards. Y - Buying A Car With A Personal Contract Purchase Loan
If you are looking to buy a car but are unsure whether or not a new car is worthwhile, then you shou - Credit Repair - Tips And Tricks That Work
When you apply for credit, your lender will request a credit report from a credit reporting agency. - Bad Credit Debt Consolidation
No doubt there are numerous bad credit personal loans but hunting for a secured loan for bad credit - Before You Buy
Check out the market in the area you want to buy. Find out what price houses are going for and - Top 10 Keys To Creating A Good Credit Score
We know it can be unfair but credit is used for everything these days. Utility companies are even us