Reasons to Keep Good Credit Scores

1. FourReasonsto KeepGoodCredit Scores DO NOT PAY RIDICULOUS INTEREST ON YOUR LOANS Suppose you and your neighbor earn the same amount, live in the same neighborhood and have the same training, but your credit score differs only. This three-digit number will only make the banks treat you differently than your neighbor. Assuming your credit score is lower than yours, you can expect your neighbor's interest rates to be 2 to 5 times higher than the rate you pay. BORROW MORE AND KEEP YOUR UTILIZATION IN CHECK A high credit score gives you more buying power because banks will be more willing to lend you large amounts of money. This helps you in more ways than one. You can buy more expensive items, cars or jewelry more easily. You can also increase your credit limit to maintain your high credit ratings. RECEIVE MORE REWARDS Many cards offer you hundreds of dollars in cash. But you can only get approval for such cards if you have a high credit score. If you need help to maintain excellent credit, contact me directly at 406-730-7989. PAY LESS ON INSURANCE An excellent credit convinces many insurance companies of their character in terms of financing. Low scores indicate that you are more likely to file a claim. This makes buying insurance more expensive. This is also going in the opposite direction. A high credit score can save you hundreds of dollars in insurance each year because insurance companies know that people with higher credit scores are not as likely to file a claim. FOR REFERENCE: WWW.ENTREPRISESCANADA.CA LEARN MORE AT WWW.RLKRAMER.COM