Room For Improvement?

If you’re suffering the ill effects of a not-great credit score, it might not be easy to understand why someone with a really great credit score could be interested in credit score improvement.

There’s a number of reasons that someone with a high credit score would want to pursue an even higher score. There are several benefits to having a very high score, not the least of which is it really truly saves you money. Some of the benefits include:

1 - The Very Best Rates on Loans or Credit Cards. The higher your score, the more likely you are to qualify for the best offer.

2- Really Great Perks. While you may have gotten the best possible interest rate on a mortgage, it’s always possible that the lender will be happy to knock off some fees or perhaps even qualify you for a bigger amount of money.

3- Building a Safety Net. As all too many Americans have discovered, there are numerous unexpected life events (e.g., sudden unemployment, death in the family, etc.) that can cause drastic financial reverses. Those consumers with very high credit scores are more likely to emerge from such events with credit scores intact, or at least not ruined.

Credit Score Improvement: All this said, there’s no need to go for total perfection with your credit scores. Many creditors (and the credit bureaus) agree that the slight difference between very high and perfection just won’t make a difference in your everyday life.

Thanks for reading!

Mike Welton
Financial Advisor-MyDebtIQ.com
1-888-998-1226