Paying Bills on Time Lead to Better Credit Scores and Better Rates For Financing

Always remember to pay your Mortgage Loan. Car Payment , Credit Cards and all installment debt On time. Because one 30 day late can damage your credit or interest rate on a car loan, home loan and credit card interest rate significantly. Remember to pay bills on time. I have seen clients who miss a $10.00 credit card payment and have to pay a higher interest rate and higher payment for years due to not paying a $10.00payment. So make sure to pay bills on-time to keep your credit in good standing. Remember good credit will save you thousands of dollars over a lifetime. It's the little things you can do that make the biggest changes in your life. Another thing that people do that lowers there credit scores is applying for credit cards. Because every inquire drops your credit score on the average 11 to 25 points per inquire. That's what i have noticed over the years doing mortgage's and dealing with credit issues.