Why does it matter if you have good credit? Because the better your credit history and credit score, the better your chances of obtaining a low-cost loan or insurance policy, renting an apartment or qualifying for a job.
If you can improve your credit score just a little, you may be able to qualify for a lower interest rate on a mortgage or credit card, which can save you thousands of dollars in interest payments. You can improve your credit by making simple corrections to incomplete or incorrect information in your credit report. On the other hand, if your credit score is low, you may be a higher credit risk and be subject to paying higher interest rates, getting lower credit limits and being denied credit.
Unfortunately, many consumers do not understand why their credit score and history are significant, nor do they know the simple things they can do to build and protect a solid financial reputation.
What are the steps to understand fully credit and how it affects you? The first step to repairing your credit is to schedule an appointment with Phil Chwialkowski by calling him at 612.791.1766. Phil will take you through the processes that allow you to repair your credit, to create a budget and to rebuild your credit.