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Are you neglecting your best friend? If you are it could be costing you thousands of dollars every year.

By Mark Watterson

Real Estate Agent 5660894-PB00

November 29, 2008 11:25 PM

Your credit score is your best friend and her name is FICO. She loves you and wants to take care of your financial health. The problem is she can't unless you keep her healthy and strong.

Best Friend

These days almost everyone you do business with wants your credit score to be healthy and strong. The stronger her health the less they charge you for their services.

Some of these are:

• Credit Cards

• Lines of Credit

• Leasing private and commercial crowd

• Consumer credit card i.e. Home Depot

• Employers

• Life insurance

• Auto insurance

• Landlords

• Mortgage Lenders

• Banks

• Credit Unions

How does your best friend's health rate? Remember the higher the numbers the better you're treating your life long companion.

Rate

FICO's well being is rated in five different categories.

Graph

Look how much she can save you on a home mortgage with a strong healthy rating.

Scale

Yup! she could save you $1000 per month or more.

Inflate

So inflate your financial bottom.

Meet your financial goals.

Easy

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Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC

Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information atwww.markwatterson.com or www.UtahMark.com

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Robert Worthington

Worthington Realty - Manitowoc, WI

Mark, this is absolutely a great blog post. Almost like Doctoe Sues but for a credit score. I hope your blog gets featured

Nov 29, 2008 11:32 PM

Janice Roosevelt

Keller Williams Brandywine Valley - West Chester, PA

OICP ABR, ePRO,Ecobroker

Definitely a great post, Mark. Thank you and I agree, hope you get featred. Janice Roosevelt, Ecbroker, ABR, ePRO Keller Williams Licensed in PA & DE

Nov 29, 2008 11:35 PM

Edward moloney

Edward Moloney Loan Officer GMH Mortgage Services - Holliston, MA

Loan Officer Providing 5 STAR SERVICE

Mark great blog. The issue is in todays economy money is tight and people are having issues with lay offs and other things that are preventing them from keeping their fico golden as you are drawing above. The reality is if they are going to be late on things TRY their best to NOT HAVE it be their mortgages

Nov 29, 2008 11:39 PM

Charlene Hammontree

616 Realty LLC - Rockford, MI

Meeting the needs of Buyers and Sellers in MICH

This is great, but I am afraid you are missing the boat. Some of us are struggling to get back on our feet and these "FICO" scores make us feel less worthy of the big pic. After loosing jobs, homes and maybe even cars, there will be many who need to know that that score only matters in banking and should not be judged by the persons ability to make ends meet. Some of them will never see their score to be 700 or above for years! Those are the people that need your direction.

What can we do to turn our score around into a "healthy score" from the depths of the doom and gloom in our financail world?

How do many of us pic up the pieces?

Sorry if this comes across a little on the edge, didn't mean to make it sound that way. You just hit a never.

Nov 29, 2008 11:43 PM

Chip Jefferson

Gibbs Realty and Auction Company - Columbia, SC

Credit health means so much today. There was a time but its long gone that they lent to the person and not to paper.

ps.

I know of a couple that had to choose between saving thier dog ~ the family pet ~ or making a house payment.

Nov 29, 2008 11:44 PM

Kristin Johnston - REALTOR®

RE/MAX Platinum - Waukesha, WI

Giving Back With Each Home Sold!

Very informative post!

Nov 29, 2008 11:45 PM

Mark Watterson

Salt Lake City, UT

Utah Real Estate

Robert- Thank you, I was trying to lighten it up.

Janice- Thank you for you comments

Edward- It can be difficult to have the score we need with all the challenges of this economy. Thank you for your comments

Charlene- Your right it can be very difficult to have a good credit. With tough choices we have to make along the way. Thank you for you comments.

Laura- It does make it a bit COLD blooded. Thank you for your comments

Kristen- Thank you for your comment.

Nov 30, 2008 02:21 AM

Are you neglecting your best friend? If you are it could be costing you thousands of dollars every year.

Comments(8)

Mark Watterson

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