The Advantages of Having a Good Credit Score

There are many advantages and benefits of having and maintaining a good credit score. If you have a credit score of 720, 740, or 760 and up, you have a good score. With high credit scores you will be able to save money each month with lower interest rates on all your financial products.

You will also notice you get a better reception by the car salesmen, home lenders, and even insurance salesmen when you step into their office. They know they have a better chance with closing the sale with you because they can get you approved for a loan at a low rate that you can afford and one that you will be happy with.

Equifax

A above average credit score will entitle you to demand the best interest rates on home loans, home equity loans, credit cards, car loans, personal loans and more. And in most cases lenders should have no problem accommodating your requests. You've earned your credit now put it to good use.

Another of the advantages of having good credit or good scores to be more precise since you do have to maintain a good score with all 3 of the major credit reporting agencies - Equifax, Experian, and Transunion - is that potential employers will not turn down your application because of your credit history. You stand a better chance of landing a job with a high score as opposed to a low score.

Even if you do not agree with the way most companies use credit scoring information, if you want to get into their game, you have to play by their rules.

And when you do play by their rules, you get to enjoy the benefits of low rate balance transfer offers even when credit is drying up for less than qualified applicants. You still get the perks of being disciplined and not overextending yourself and spending more than you could afford to pay back.

As you can see, there are many benefits and advantages of having a good credit score. To get into the high 700+ credit score range, pay all your bills on time. Stay on top of the due dates like a hawk. Only use a small portion of the balance - less than 25% is ideal. Keep accounts open - 10 to 15 years at a minimum. And don't apply for credit you do not need. Follow these simple steps and you'll be on your way to the best deals on credit anywhere.

The Advantages of Having a Good Credit Score

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