Five Reasons to Repair Your Credit Score - You Can Do It Yourself
There are multiple reasons that tell us why we should have a 700+ Credit Score, but these five facts will definitely give you the big picture and hopefully will drive you to want to fix your credit score starting today.
Fact #1: Did you know that consumers with Credit Scores of 700+ are likely to get interest rates up to four points lower than those with scores under 640.
Fact #2: People with Credit Score below 620 won't get approved for a home mortgage 97% of the time. Therefore if this is your case, you'll have to keep renting forever!
Fact #3: The interest rates for Jumbo Loans in today's market are as low as 5% in interest only loans, for 10 years. Only for consumers with FICO score of 720+. Do the math.
Fact #4: Were you aware that you can finance a brand new car for up to 60 months at 0% APR, if your credit score is 700+.
Fact #5: Did you know that there are multiple credit cards companies offering 0% APR not only for balance transfers, but for purchases for up to 18 months... of course when you have a 700+ credit score. Imagine the possibilities!
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Carmen Shearer is the President and CEO of S&S Financial Solutions. She has worked in the finance arena for over 10 years and holds two engineering degrees and an MBA from a branch of Harvard Business School. S&S Financial Solutions offers you credit repair tools and information with a lifetime guarantee. For more credit related information go to: http://www.excellentcreditnow.com
MORE RESOURCES:
 China Daily | Fallout From TJX Credit Card ... InternetNews.com - By Andy Patrizio: More stories by this author: The indictment of 11 criminals involved in the TJX credit card theft incident shows that cybercrime is indeed ... Video: Feds Charge 11 in Massive Retail Hacking Case US authorities charge 11 with global credit data theft 11 charged in connection with credit card fraud |
 Earthtimes (press release) | US Consumer Credit Increases $14.3 Billion in June (Update2) Bloomberg - Consumer credit rose by $14.3 billion, the most since November, to $2.59 trillion, the Federal Reserve said today in Washington. In May, credit rose by $8.1 ... Consumer credit rose $14.33 billion in June Consumers jack up borrowing in June UPDATE 1-US consumer credit rose $14.33 bln in June |
 Reuters | Credit Suisse auction-rate debt suit may start frenzy Reuters - ST Micro alleges in the August 6 complaint filed in federal court in Brooklyn, New York, that by late 2006 Credit Suisse knew that collateralized debt ... UPDATE 2-Credit Suisse auction-rate debt suit may start frenzy Fannie Mae expects smaller credit losses in 2009 Credit crunch cripples European insurers' profits |
Credit crunch and banks: from the Rock to a hard place Times Online, UK - The News at Ten on September 13 last year was the first taste most Britons had of the credit crunch. But since mid-2006 the City had heard warnings from ... Leading article: Fatalism is not the way to react to the credit crunch Between The Lines: Credit Crunch Latest: 'No Recovery Before 2011' Credit crunch: One year on |
Credit Suisse Sued Over Auction-Rate Securities (Update1) Bloomberg - 7 (Bloomberg) -- Credit Suisse Group, Switzerland's second-biggest bank, was sued by Swiss semiconductor company STMicroelectronics NV for allegedly placing ... Credit Suisse sued by semiconductor firm Auction-rate triage STMicro sues Credit Suisse over auction-rate debt |
 Seattle Post Intelligencer | Vigilance necessary to protect credit cards Chicago Tribune, United States - On Wednesday came the news that 1500 people who purchased tickets from Alaska Airlines or Horizon Air have had their credit card information misused by an ... Alaska Airlines, Horizon Air warn passengers of credit card scam Alaska Air says customers' credit cards misused Alaska Airlines, Horizon Air warn of possible credit card abuse |
 iBerkshires.com | Credit-card Companies Making It Harder To Say 'charge It' FOXBusiness - BOSTON -- Credit-card issuers aren't waiting for the Federal Reserve Board or Congress to change the rules. With proposals and bills designed to help ... How Are You at Managing Your Credit Score? ECONOMIC REPORT Consumer credit jumps at fastest rate in 7 months |
 FinancialAdvice.co.uk | Simple steps to protect yourself from ID theft CNNMoney.com - More than 41 million credit and debit card numbers were stolen by an international ring that hacked into the computer networks of nine national retail ... More than 40 million credit and debit card numbers stolen from ... DoJ Charges 11 In Hacking, Stealing Millions Of Credit Cards Credit hacking leaves millions vulnerable |
 RTT News | New-Math Mirage At MBIA Forbes, NY - The rise was caused by counterintuitive gains from a $3.3 billion decline in the value of credit derivatives that MBIA insures. There was some good news for ... MBIA benefits from positive writedown MBIA Posts “Phantom Profit” as CDS Spreads Blow Up MBIA profit soars on derivatives gain |
 BBC News | AIG's huge 2Q loss shows credit market woes linger The Associated Press - Credit default swaps are insurance policies to protect bondholders against defaults. Over the past three quarters, AIG has lost more than $25 billion, ... AIG reports $5.36 billion quarterly net loss Sector Snap: Investment Banks AIG's credit protection costs rise after loss-Markit |
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