The better your credit the better life is. This will be true as long as you live in a society that provides loans as a means of leverage and the better your credit the better the rate and the amount of loan you can get.
This is good for people who do not have the financial resources to get ahead. The better off you are in getting this score to reach 800 you can actually provide for yourself and your family.
This is a good thing especially being in a capitalistic society.
You must have capital, and when you do not have money try to do the next best thing like get a better job and always work on getting a better credit score and payment history.
You always should make the most out of every dollar and nickel you can get. That is why if you have a bad score you want to try to apply for a credit card and see if you can possibly get something that will tailor fit your financial situation as it stands right now.
There may be some benefits to getting some small simple improvements 2 weeks before you apply but at times when you are disputing things off your credit it may take 30-60 days so please try to be patient.
Remind yourself through the process of what a 720 credit score is actually worth in today’s terms.
To me it is safe to say that a 720 credit rating is valued at 500k dollars.
This may set you back a bit as you analyze how I came up with this figure but if you do some math and see what type of leverage and loans you can get you may have a second thought and possibly agree.
When you have this high credit rating you can get a home loan, personal loan, and start a business from ground up. All of these assets can leverage your position forward and give you the pad you need to get ahead in life.
Good Credit Can Get You A Better Loan Rate
The good thing about getting a credit card with a very low rate is you can leverage your risk and also hedge with inflation. The better your chances of staying below 4% the better you can stay above the 1% of the world’s population in terms of finance.
We know all too well that the cost of doing business always have a high price and the more you do the more taxes and overhead expenses you will incur.
This is the framework of most credit card companies and they charge this to the consumer each and every month when the bill comes due in the mail.
Do not worry, you are not alone. The fact is that everyone must have a good credit history whether they are lower, middle or upper class citizens.
Usually the higher the more likely you are to find that they own a credit card or two. This is typical if you want to move ahead you must leverage yourself with some form of loan that you must be able to get.
The better off you will become if you just had that 10 thousand or 50 thousand dollar loan to help you purchase the things you need for your business.
Some people think that you may want to consider borrowing from friends or family members. While this is a great option you may need to do other things like build up your credit, downsize to a smaller used car and may focus on other avenues to improve your credit rating and also help you save on the monthly costs.
We all want to pay less and get more items that we like, so it’s only natural that you will want to negotiate a cheaper price on a for sale product just as you will with a interest rate from a bank.
Some lenders are willing to work with you or find another company that can before they throw your business completely out the door.
Give it a shot asking does not hurt you but may get you what you ask for or perhaps close enough to the magic request.