Having a good credit is very favorable. Getting a car or any mortgage loans is easy with low interest benefit. What about to those who has no credit score. I am planning to build up my credit score since i don't have any. What is your credit score today? Do you know how much? I have here some series of credit score numbers from poor to excellent score. Your opportunity of acquiring some loan will depend on your credit report back ground.
580-- below is a very poor credit score
580--poor
620--fair
680---good
720---excellent
Here in the states getting some loan is so daunting when your score is no good. Boosting up your score requires discipline of paying your bills on time. With this very discouraging recession, buying a house on cash is hard to accomplish.
Good credit is not merely for decent rates to get a house or car. But our credit history can determine whether we get a reputable job and reasonable rates on insurance. A late payment will maxing out our credit cards and level off our opportunity to avail good benefits.
580-- below is a very poor credit score
580--poor
620--fair
680---good
720---excellent
Here in the states getting some loan is so daunting when your score is no good. Boosting up your score requires discipline of paying your bills on time. With this very discouraging recession, buying a house on cash is hard to accomplish.
Good credit is not merely for decent rates to get a house or car. But our credit history can determine whether we get a reputable job and reasonable rates on insurance. A late payment will maxing out our credit cards and level off our opportunity to avail good benefits.
2 comments:
same here in the Philippines. if you have good credit standing, credit cards and lending companies will piss you off by calling you everyday and won't stop until you avail of their services.
Thanks for the info. I'm so glad that we're living debt free now
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