8 Consequences of Having A Poor Credit Score
1) Health insurance costs more
2) Auto insurance costs more
3) Have to pay a higher deposit for an apartment
4) Must pay a mandatory deposit for cable
5) Must pay a mandatory deposit for electricity
6) Must pay a mandatory deposit for hot water
7) Must pay higher interest rates for financing a vehicle (If your credit score will allow you to finance such a large purchase)
8) Must pay higher interest rate to finance a home (If your credit score will allow you to finance such a large purchase)
So if a person has a lower credit score that means they are more inclined to be a high risk driver? Or they are more prone to being physically injured? Well, nobody said all the rules make logical sense. That’s just the way the rules are and we all got to live by them. It’s pretty weird how it works, but when a person has poor credit it actually costs a lot more to live.
ABOUT THE AUTHOR: Raj Shah is a recognized authority on helping people find legal and ethical ways to increase their credit score regardless of their current credit rating.
1) Health insurance costs more
2) Auto insurance costs more
3) Have to pay a higher deposit for an apartment
4) Must pay a mandatory deposit for cable
5) Must pay a mandatory deposit for electricity
6) Must pay a mandatory deposit for hot water
7) Must pay higher interest rates for financing a vehicle (If your credit score will allow you to finance such a large purchase)
8) Must pay higher interest rate to finance a home (If your credit score will allow you to finance such a large purchase)
So if a person has a lower credit score that means they are more inclined to be a high risk driver? Or they are more prone to being physically injured? Well, nobody said all the rules make logical sense. That’s just the way the rules are and we all got to live by them. It’s pretty weird how it works, but when a person has poor credit it actually costs a lot more to live.
ABOUT THE AUTHOR: Raj Shah is a recognized authority on helping people find legal and ethical ways to increase their credit score regardless of their current credit rating.
1 Comments:
A good credit score is a vital asset for financial present and future. Building a good credit rating requires time and a lot of financial discipline, just like repairing bad credits.
Here's a list of
credit card reviews of lenders offering
bad credit creditcard,and poor credit financing, to people looking for cards for bad credit and loans to rebuild credit.
I hope you'll find my articles helpful.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home