Top 5 Reasons to Fix your Credit for 2016

By
Services for Real Estate Pros with Financial Education Services

It’s not too late to start working on your credit and start 2016 on a high note! But first you need to understand why it is so important and what you can do to start the process of repairing your credit.

1. Better financing rates

It’s no secret that in order to get the best finance rates for a home purchase, refinance or automobile purchase you need to have the highest score possible. Early preparation here is the key. If you know ahead of time you are going to make a purchase thoroughly review your credit report for any errors and reduce any revolving debt you have.

2. Better selection of jobs

With the job market being what it is today, employers have a larger pool of candidates to choose from. Studies have shown that some employers do review credit reports and your credit history could play a role in whether or not you make the cut.

3. Lower cost for insurances

A little bit over a long time can add up to a ton of wasted dollars. Consider if you were able to reduce your auto insurance by just $100 per month by increasing your credit score. You’re talking $1200.00 per year. Now multiply that time 30 years…See what I’m talking about!

4. Better self-image

Can you image walking on to the dealership parking lot and choosing the car of your dream? Walking into the mortgage broker office knowing you have excellent credit? How do you think that would make you feel? Pretty AWESOME I bet! Having a 750 credit will give all the confidence in the world you need!

5. Control over your financial future

Having control of your financial future is all about having choices. Isn’t that all we really want? To be able to decide how we are going to live our life? A life by design…WOW that powerful. Having excellent credit will give you the power of choice and control over your financial future.

Click here >>> Great Credit in 2016

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Rainmaker
1,266,823
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Mark Bustamonte 

Really good post. Great top five. Have a wonderful weekend. 

Apr 08, 2016 04:19 AM #1
Rainmaker
35,552
Mark Bustamonte
Financial Education Services - Farmington Hills, MI
Get the Credit You Deserve

Thanks Alan! Appreciate the input and you have yourself a great weekend as well

Apr 09, 2016 03:34 AM #2
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Something I'm finally in a position to do Mark.....excellent post.  BTW, thanks for the Follow.....I'll be following you also.

Apr 09, 2016 09:44 AM #3
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes Mark, five good reasons to work on that credit score.  I did not know that some employers checked these.

Apr 11, 2016 03:43 PM #4
Rainmaker
35,552
Mark Bustamonte
Financial Education Services - Farmington Hills, MI
Get the Credit You Deserve

Hello Bob and thanks for your comments. In some industries where security clearances are required credit can become an issue. I have worked with clients that were in the gaming industry and in threat of lossing there job because of bad credit. Numbers show that some employers use credit scores to narrow down the number of possible candidates.  

Apr 11, 2016 11:01 PM #5
Rainmaker
214,570
James Murr
Cortiers Real Estate - College Station, TX
www.cortiersrealestate.com

Thanks for the educational insight into credit scores! Hope you have a great week

Apr 12, 2016 12:35 AM #6
Rainmaker
35,552
Mark Bustamonte
Financial Education Services - Farmington Hills, MI
Get the Credit You Deserve

Thanks James! Appreciate your comments and wish you an awesome week as well!

Apr 12, 2016 03:42 AM #7
Rainmaker
1,506,406
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Each of us should be proactive about our financial health. 

Great reasons to keep all organized and under control. 

Apr 13, 2016 04:48 PM #8
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Mark Bustamonte

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