What are the advantages of having a good credit score on a daily basis?
I know it helps in getting better loans in terms of need, but is there any other advantage which can affect our monthly savings by having good credit score?
Public Comments
- One advantage is that you will pay a lower interest rate on your unpaid credit card balances, mortgages and other debt, especially new ones. Creditors adjust the interest they charge based on your credit score.
- A good credit score can keep your car insurance rates down, save you money in interest charges and opens all kinds of doors like job applications where a background check is going to be important. This is why ID theft is so rampant! Criminals will use the ID of people with good credit to cover up a lot including crimes and prosecution plus evading the law!!!! Go to my website for more on this, because I went through an ID theft and bankruptcy! Trust me, you DON"T want this to happen to you! Wait until you read about my experience! These people who Stole my ID even burned the rental house they were living in down to avoid being caught!!!! I learned there is no such thing as being paranoid in protecting your credit, because this is where ID theft starts! You can even be arrested for crimes not commited by you!
