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Good Credit v. Bad Credit

If you have poor credit, e.g. a score lower than 680, you may expect the following:

  • Low Self-Esteem;
  • Sky-High mortgage or auto loan rates;
  • Fighting with spouse/significant other about money;
  • No credit for emergency situations;
  • Getting denied for a home or auto loan, (which means you are stuck in that small apartment and riding the bus to work - not cool.)

On the other hand, this is what you can look forward to once you have Good Credit:

  • Peace of Mind;
  • Lenders competing for YOUR business;
  • Having a credit card with low (or no) interest;
  • Financial self-esteem/self-worth/confidence;
  • Get a loan to start your own business;
  • Low interest rates on your home and car loan;
  • Move into the Apartment you want;
  • Get the Job you deserve;
  • Driving a car that you are proud of;
  • The possibility are ENDLESS!!!

Best of all, if you have good credit you will simply HAVE MORE MONEY. If you have a good credit score you will save money on interest, fees, and penalties. Accordingly, you will have more money to spend on fun things. The money you will save may appear inconsequential, but when you consider the numbers, it is quite staggering.

Cont.

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For example, let's assume that you have a home loan, a car loan, and a credit card which all carry high (bad credit) interest rates. Now, assume that you have the same loans at "good" credit low interest rates. Conservatively with the loans at low interest rates you can expect to save -

  • $150 per month on the home loan;
  • $75 per month on the car loan, and;
  • $25 per month on the credit card.

Overall you can expect to save at least $175 per month and a total of $3,000 per year if you have a good credit score!

What would you do with $3,000 cash right now? Would you take a vacation to Las Vegas, buy a boat, or just keep the cash locked up in your savings account for a little peace of mind?

The bottom line is this: If you have good credit, you will have more wealth (wealth meaning having a positive cash flow), you will be more confident, and you will live a better life-style.

 

Clean Your Credit! Why Wait, Contact CreditWasher.net Today!!!

  • improve your credit rating
  • approve for loans
  • approve for credit cards
  • lower interest rates
  • save thousands

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