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5 OVERLOOKED PERKS OF GOOD CREDIT

There are many benefits to having good credit, and, if you have bad credit, to repairing it. Now, we all know that a poor use of credit, paying high interest to big credit companies, is a money waster for everyone.

However, there are a lot of perks for people who use credit to their advantage.

Let’s take a look at what good credit can do for you.

1. Lower Insurance Rates

Insurance companies will often look at your credit score when determining your rate for auto insurance, homeowner’s insurance, and life insurance. The higher your credit, the less risky you appear to be and statistically people with high credit are better drivers, responsible homeowners, and make well thought through life decisions.

2. Better Rental Agreements

Most landlords run a credit check on their applicants. If an applicant has a low credit score they’re likely to either reject them completely or charge a much higher deposit. Conversely, people with higher credit scores in a better position to negotiate their rates.

3. Lower Financing Rates on Your Car Lease

Nobody loves an astronomical monthly car payment, but everyone wants the car. When you have stellar credit, you’re in a position to bargain with your car dealer for a lower than usual financing rate. Clean credit tells the dealer you’re a responsible borrower, and if you can’t get a lower rate, you might get a better price. Good credit opens all kinds of options for you.

4. Excellent Mortgage and Refi Rates

Good and clean credit makes a mortgage broker’s heart sing. They’re much more likely to offer you a lower interest rate (saving your potentially hundreds of thousands of dollars over the term of the loan). Great credit also give you bargaining power when it comes to negotiating closing costs and other fees. Remember, banks are competing for your business, good credit makes them want to compete for yours.

5. Top Notch Credit Card Deals & Buyer Protection

The best rewards credit cards come knocking at your door when you have good credit. It pays to use these cards (as long as you pay off the balance each month) because they often offer cash back deals, free gifts, and low rates. Also these desirable cards offer the best buyer protection that shields you against fraud, identity theft and other problems.

At the end of the day, it pays to have a strong credit rating. Credit is something to be used to your advantage, we’ll show you how. Contact us today for your complimentary credit assessment.

Global Investor Solutions

400 112th Ave NE,

Ste 110,

Bellevue, WA 98004

Phone. 425-298-6496

Email. Info@GlobalInvestorSolutions.com