Your Credit Score
Why Your Credit Score is So Important
What is a Credit Score?
Your credit score is one of the most confusing things about the credit game, and yet it affects a great deal of your financial life. Basically, your credit score is just a number used to help banks, lenders and other financial institutions determine the likelihood that you’ll pay back a loan. The particular loan can be for a house, car, or even just a credit card.
Why Your Score So Important
Since a poor credit score indicates that you may be a higher risk of paying late or not at all, lenders will either deny the loan or charge you a higher rate to cover their risk. Sometimes that rate can be a LOT higher. Or, they flat out deny the loan all together.
Unfortunately, your credit score actually affects more than just loan applications. Insurance companies believe that people with lower credit scores are more likely to make insurance claims, so you will likely pay more for house insurance and auto insurance if you have a bad score.
Landlords often run a credit check before offering you a lease. If your credit is poor, you may be denied the opportunity to rent the place you want. Employers may even pass you over because bad credit can be a sign of irresponsible behavior.
As you can see, having a low credit score can cost you a lot of money, while having an excellent score will save you money, and more. Let’s take a concrete example of just how much this can affect you:
If you have bad credit and take a car loan for $15,000 at 12% over 5 years, your total payments = $20,020. On the other hand, with good credit, the same loan amount at 4% will cost a total = $16,575. That’s a pretty big difference.
Now that you know how important your credit score is, let’s look closer at the details. First, a word about credit agencies.
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Your Credit is Our Credibility
Don't just take our word for it, we have plenty of satisfied clients...
At first I was afraid and wasn't sure they could help me because I'd heard lots of negative things about the credit repair industry. But Chris put me at ease right away. He explained everything clearly and based on his evaluation said he was sure he could raise my credit score. By the end of 6 months, sure enough it was even higher than I was expecting.
...a life changer. Not only are Chris, Lenise and the rest of the staff persistent and motivated in getting results, they are friendly, and a positive group to work with and are always helpful in every aspect. As a result they have put confidence and success back in my future.
Before calling... my credit was terrible. I tried so hard to go it alone but after calling them, it was the best thing I EVER did. They didn't make me feel ashamed of my situation, nor did they just help me fix it, but guided me in the direction I needed to go in the future to get me to an almost perfect score! They are like family to me now!
I have had the pleasure of working with Lenise, Chris, and Jody for the past few years in getting my credit paid off. I am now on my way to rebuilding my credit back up with Lenise’s help and I know it will all work out with their help again.
Dori R Larm
They really helped me get myself and, my life back on track. Having the professional guidance of Lenise and Chris totally put my mind at ease. Thank you both so much.
I am more than pleased with the service that I got from this business. Not only did they repair my credit and get me to where I needed to be they also got me credit cards all within one year. They are very helpful, they walk you through everything. The customer service is a 5 stars . I was a nonbeliever about getting my credit fixed by a company. I thought I was never going to restore my credit but they assured me that they would have no problem with restoring my credit and i was I shocked with the results that I got when I pulled my first report after one year. So if you are having Credit problems and you want it cleaned up an old debt erased and gotten rid of give this company a call.