| Ready for the First Step...
Think of a credit score as your living financial report card. Today that 3 digit number gets reviewed for loans, insurance companies, employers screening potential employees and landlords evaluating applications. Your credit score can say a lot about you as an individual. Your credit score "fluctuates" daily as you buy things on credit and make payments. The good news... we know so much more about how credit scores are calculated, making it easier for you to take the needed steps to improve your credit and score. Credit scores range from 300-850 and... If you don't think your credit score is important, you're wrong! A low score can cost you additional money each month. Look at the table below and the monthly payment cost between a 620 and 740 score. A difference of about $175 or 40-plus gallons of gas per month. 15-year $50,000 Home Equity Loan
By taking the steps to improve your credit score by 80 points (very doable) you could lower the payment $140... saving thousands over the course of the loan. The First Step... To begin improving your score some basic housekeeping needs to happen. First, start by getting a copy of your credit report from one of the three major credit bureaus you can do it all online. Print it out and begin reviewing your report for any mistakes or errors. The government has make it easy for you to get your report for free. However a few guidelines will help you get the maximum benefits. |