A Good Credit Score Can Save Me How Much Money?
Here?s an interesting infographic on the benefits, financially, of having a good credit score. Unfortunately, we were not able to find out where this infograhic came from but if anyone knows, please let us know so we can give them credit. Also, go to our home page if you’d like to read more on top credit repair companies and reviews of them.
Knowledge is the power to act with purpose and most consumers don?t realize this but a credit score can impact your life in an almost unimaginable way. First of all, a bad credit score can
- reduce your chances of getting a new job
- increase the amount you?re paying on interest rates
- increase your insurance premiums on a monthly basis
- increase your utility costs and deposits
Overall, having a good credit score can save you a lot of money in the long run. For example, the difference between someone with a 760+ score and a 500 credit score can be over $150,000 in interest rate payments on a mortgage over the course of 30 years.
Understanding the impact that your scores have on your financial life is very important and know what you can do to improve your scores and have good credit is also key.
Here is the infographic on what a good credit score can do for you.
If you have any questions, comments of feedback on this infographic, please email us and let us know what?s on your mind. Also, if you need any help or guidance on the best credit repair company to help you obtain your good credit score, please visit our home page and you?ll be provided with a list of the top credit repair companies in the credit repair industry.