Who do you know that needs to buy or sell real estate? Contact DAVE EDWARDS at 864.275.7250 or email at daveedwards@kw.com.
Unless you have recently purchased a home or refinanced the home you're currently living in, you may not be aware that insurance companies are now looking at credit scores. According to the Insurance Information Institute (a non-profit organization, www.iii.org), insurance companies have learned that a person's credit history is an accurate predictor of risk. Lenders also look at a person's credit history, but they do not assess the same factors as insurance companies.
If you have a good or great credit scores, it is likely that your homeowner's insurance rate will be lower. If your credit scores are sub-standard, you need to do two things: (1) work on repairing your credit (an excellent book: Credit Repair, by Robin Leonard & Deanne Loonin); and (2) shop around for different lenders and different homeowner's insurance providers. You can also lower your rate by raising your deductible amount.
If you need to repair your credit, keep in mind that:
• You are not alone.
• You have legal rights.
• You can do it by yourself without paying high fees for an attorney or credit repair clinic.
• Nobody's credit is too "poor" to repair.
• The first step is to set a budget and stick to it.
• The second step is to cut up all or most of your credit cards.
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