Dealing with Credit Challenges

Real Estate Agent with CENTURY 21 WESTERN REALTY

The subject of credit scoring has become an increasingly hot topic, and for good reason. For many years, the general public only associated the concept of credit scoring with the need to purchase high-ticket items such as a new car or a home. Today, credit scoring goes much further. Your credit score can affect your ability to get a good rate on commodities such as car insurance, cell phones, or even determine whether or not you get the job or promotion that you want and deserve. Indeed, the financial snapshot provided by the credit score has also become a gauge for many employers, especially those who seek to place employees in a position of management or financial responsibility.  Unfortunately, a person with a bad credit score is often in this position because he or she lacks the discipline to pay bills on time. Of course, there are exceptions where unforeseen circumstances come into play, such as health complications, or loss of employment. There are a few things that may be able to bring your score up so that you can secure a better interest rate on your mortgage loan.

Indera Coggins
Re/Max 100 - Dunkirk, MD

William, great blog post on credit scoring. I love to read everything I can on credit scoring as it is a very big part of this business.

I am also amazed and how your credit can affect you getting a job these days.

Have a great day!

Feb 23, 2011 08:02 AM
Chris & Karen Highland
eXp Realty - Frederick, MD
Integrity, Experience, Enthusiasm!

You're absolutely right, credit scores are important for a lot more than borrowing money these days.

Feb 23, 2011 08:27 AM
Maya Swamy
Funds Available - Long Beach, CA
Ph.D. Long Beach, CA -

Your are right. The use of the credit score to judge you as a worthwhile person has become ubiuitous.

Feb 23, 2011 08:27 AM