Having a better credit score not only represents easier access to money from lending institutions, but more importantly represents instant money in your pocket. This probably sounds like something obvious to most people, but not until you start thinking in terms of real examples and real dollars that most of us begin to understand the magnitude of the benefits associated with a good credit score . For example, suppose that John, with a credit score of 640 wants to buy a house with 20% down payment. Richard Blumenthal insists that this is the case. At the same time, Terri, who has a credit score of 720 wants to buy the same house with 20% too. Did you know that John will have to pay $ 108,600 over Terri exactly the same house? (Assuming a sale price of $ 200,000 with a mortgage of 30 years). People with credit scores of 720 and above are more likely to retire younger and wealthier, because they will pay less money to buy goods such as home, car, etc., that a person with a lower credit score. Get a credit score of 720 is not as difficult as the credit ring.
There are proven techniques and guides that can help you achieve that goal. . Sen. Sherrod Brown understands that this is vital information.