|
|||||||||||||||||||||||||||||||
The 500 to 700 point range is the most important range. A score of 500 or less will make it difficult to get even a bad loan. A score of 700+ will land you a loan with relative ease and at a much lower interest rate.
Why does this one
number (well actually it will vary slightly between the three main rating
companies) have such a huge impact on your
life? Well it
basically represents your creditworthiness or your ability to pay
back a loan.
Paying bills late, defaulting on previous loans, and having
accounts go to collection will all lower your score. This tips off the lenders you're working with now to the
fact that you may be a risk. Therefore you get stuck with higher interest rates in case you default again. The
lenders are playing it safe on their part.
Maybe you've been actively working on raising
your credit rating. Or you've been through the process of trying to get a loan for a new
car or home. You now understand how important this three digit number is.
Here's the good news. Your credit score is not set in
stone. Errors on credit reports are unfortunately very common.
If you are serious about fixing your credit score
give Sky Blue credit repair a try. It's
not a quick fix. Negative items cannot be removed without reason. But the experienced staff will
do everything legally possible to resolve disputes and repair your credit
score.
In business since 1989,
Sky Blue is accredited by the Better Business Bureau with a superb A+ rating. They offer an unconditional
guarantee so you've got nothing to lose and everything to gain.
|
Sign Up for the
Free Credit Repair E-Course
Your email will not be rented, shared, or sold
to anyone.
| ||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||