With all the doom and gloom going on in the mortgage industry, the stock market and the banking industry, there are some highlights; It's a great time to have excellent credit and it will continue, going forward. Lending institutions have money to lend (that is there primary function) and if you have an excellent credit score 750+, you will be the beneficiary of those opportunities. You will be offered the lowest interest rates in years when you apply for a mortgage, an automobile,  auto insurance, and home owners insurance.  You will continue to receive 0% interest on balance transfer offers, as the lenders pursue your business. And credit card companies want to keep you as a client, may offer to rasise your credit limits even higher, raising your credit score along with that. (I just received a notice last Friday raising my credit limits.)

For those of you living in Texas, our homes are holding value and there are bargains galore out there as the market has slowed a bit. How dramatically my business has changed in the past year. A year ago most of my business was people with damaged credit trying to get their score above 600. In the past 60 days it has evolved to many calls from people, who realize what great oportunities abound for them if they can get their score above 750.

They also realize the downside of the this new paradigm: If you are not Rated Excellent with a 750+ score, the reverse goes into affect. Your homeowners insurance and auto insurance, will probably go up. Your vulnerable to having your current credit limits go down, resulting in a lowered credit score and possibly have your card holder invoke Universal Default, allowing the card holder to raise your credit card interest rate to the highest allowable by state law.

Our credit scoring consultations are free and certainly worth a 30 minute time investment to make sure you are doing all the right things to raise your credit score.