| Most of us want a good credit report to
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| | standards for their policy holders; this
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| obtain automobile financing, credit
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| | means that consumers with poor credit
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| cards, and to purchase a home. But,
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| | have to pay more for less coverage. Many
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| beyond these consumer loans, your credit
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| | automobile insurance companies now base
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| report can cost you in everyday living
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| | your monthly premiums on your credit
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| expenses. What you don't know about your
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| | score; these companies offer a 17%
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| credit could be costing you money.
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| | discount if your score is over 625 and a
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| Having a credit card means that you can
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| | 25% discount if your score is over 725.
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| order tickets, rent a car, and reserve
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| | Why? Because according to their studies,
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| hotel rooms. Besides these conveniences,
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| | people who are careful with their credit
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| your credit report can mean that you must
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| | are also careful with their property and
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| pay higher deposits and fees for everyday
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| | careful drivers.
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| services.
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| | 4. Bad credit can cost you a job. More
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| Did you know that your credit history can
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| | and more employers run an applicant?s
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| keep you from getting utility
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| | credit report and hire the person with
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| connections, good telephone rates, the
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| | better credit, assuming that better
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| best auto insurance, home owner's
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| | credit equals better integrity and
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| insurance, or even keep you from getting
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| | character. A friend of mine with a
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| hired?
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| | Master's Degree and a 4.0 grade average
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| 1. Some utility companies set minimum
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| | did not get hired; she was told her
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| standards for service connections. If
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| | credit score didn't meet their minimum
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| your report shows collection accounts for
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| | standard and that they hired another
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| prior utility bills, you may not be
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| | person with less education.
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| eligible for service at all. And if
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| | 5. Poor credit scores means you pay more
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| utility companies do agree to connect
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| | for your home financing. Mortgages cost
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| your service, you'll need to pay a higher
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| | more in upfront fees and interest rates
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| deposit than another customer with good
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| | for those with low credit scores. How
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| credit who may not need to make any
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| | much can you save? A mortgage loan of
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| deposit.
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| | $150,000, 30-year, fixed-rate mortgage,
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| 2. The same requirements exist for
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| | interest rate of about 5.72 percent costs
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| telephone services. People with a good
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| | around $870 a month; poor credit scores
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| credit history don't need to pay deposits
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| | raise the interest rate over 9 percent
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| for home telephone or cell phone
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| | and the payments over $1,200. As you see
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| services. When we first got a cell phone
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| | from these payment differences, good
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| with poor credit scores, we had to pay a
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| | credit means that you can finance a more
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| $300 deposit, for one cell phone. After
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| | expensive house with the same income, or
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| fixing our credit, we got eight cell
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| | save $330 each month.
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| phones for our business, with zero
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| | Boost your credit score so you can save
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| deposits.
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| | money on everyday expenses, get
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| 3. What many people don't realize is that
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| | high-quality insurance, and the best
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| good credit enables them to get better
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| | mortgage financing.
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| insurance rates. High-quality, low-cost
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| | Copyright ? 2006 Jeanette J. Fisher. All
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| home owners? insurance, auto, and life
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| | rights reserved.
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| insurance companies set minimum credit
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