Get Rid of Bad Credit
Friday, July 25th, 2008
Planning on buying a car or house in the near future, or renting an apartment, applying for a credit card, or getting any kind of insurance? I would recommend that you repair that bad credit first, as it will greatly influence the interest rate you receive - that is if you receive anything at all. Credit scores were designed to help lenders make accurate, unbiased decisions when lending, so if you were to walk into a bank for a $150,000 loan wearing nothing but stained tighty whities and a sleeveless shirt sporting the credo “Born to Kill”, you couldn’t cry foul. Let’s say that you receive that loan, stains and all. If you have a score at the lower end of the spectrum, you’ll end up paying at least $100,000 more than someone with great credit over a 30 year period. As you can see, having bad credit is a life-changing problem, and so, in my latest article, I detail exactly how someone can take control of their financial future and get rid of bad credit.


