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You may not like how companies or employers make decisions about YOU simply based on your credit score, but they do.
Your credit score says a lot about YOU.
For instance, if you have a good credit score, it says that YOU are someone that cares about meeting your financial responsibilities, someone who keeps their word, and someone who can be TRUSTED.
Very nice.
If you have a bad credit score, it could say quite the opposite.
It could say that you are someone who is not particularly concerned about meeting their financial responsibilities, and you may not hold your word in high regard, and quite frankly, it may be highly questionable if you can be trusted.
The positive qualities described above are very important to an employer, who may be considering offering a position within the company, that pays $75,000 dollars per year or more, because such a position may come with access to sensitive company materials and also meeting with very important customers and/or clients.
A position such as THIS can only go to someone with a good credit score.
An insurance company may view a bad credit score as connected to someone who might be having some financial troubles, and such a person may not be keeping up with the maintenance on their personal vehicle, or their home, or their personal health, due to lack of money, which could increase the odds of such a person filing an insurance claim, resulting in a much higher insurance premium rate for the new applicant or a person requesting a renewal policy.
A mortgage company is in the business of financing or re-financing real estate to qualified candidates. It’s a huge investment and depending on your credit score, it could result in points going either UP or DOWN, which translates into HUGE COSTS or HUGE SAVINGS for YOU, the buyer.
Auto loans, appliance stores, department stores, and even medical offices all rely on your credit score to extend credit and to determine the amount of interest rate to charge you.
How you pay your bills certainly affects your credit score in a positive or a negative way and your credit score determines how much or how little you will be charged for the privilege of being approved for a line of credit.
Goodwill Credit can help turn your bad credit into good credit and make your good credit even better. SUBSCRIBE NOW.
