December 11, 2014
A high credit score does what? A low credit score does what? What is high?
A high credit score does what? A low credit score does what? What is high?
A high credit score gives you a lower interest rate. A lower credit score can give you a higher interest rte. Having a high credit score will also make it easier to get a loan or a larger loan, while having a low credit score will make it more difficult to get a loan. Anything above a score of 720 is considered high.
A high credit score will let you get better loans with better interest rates. You will also be able to qualify for credit cards that may have better rates and benefits. People looking to hire someone also look at your credit score, so having a good or bad credit score could affect if you get a job. Renting and apartment or a house depends on your credit score also. If you have a good one people will take it that your more responsible for your stuff and money. You want to have a credit score of 760 to get the best rates and deals on things. With a score of 760 you will qualify for most anything.
Great answers, gentlemen. I have nothing to add other than this. That high credit score can easily save you many thousands of dollars when buying a home. For no other reason than that, focus on achieving the high credit score. It will pay you back many times over when buying and living in your home.