The Reasons Why You Want an Excellent Credit Score
So do you want a good credit score? The truth is you need to have an excellent credit score. Why? The money you will save will make a huge difference in your life. It will actually create less burden in your life and create some breathing room.
If you are wondering what an excellent credit score will save you, just consider the money you will save on a mortgage. If you have a good credit score you will get a good interest rate, but if you have an excellent credit score will get the best rates. So if you are going to save just $50 a month on a 30 year mortgage, the total money you will save is $18,000.
This doesn’t seem a like a huge amount over 30 years, but this doesn’t take into account the money that will be saved on all your accounts. Things like credit card and auto loans will also add into this amount.
What is an excellent credit score? Most agree this is level is at or above a 730 credit score. This is about 50 points the national average which is somewhere around 680.
Are you ready to commit to getting an excellent credit score? You should be.
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Tags: Credit Score, excellent credit score, good credit score
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