Comments on: How an Excellent Credit Score Can Save You Thousands http://www.mytwodollars.com/2011/04/20/excellent-credit-score-saves-you-money/ A place to discuss money...for the rest of us. Sun, 20 May 2012 17:23:40 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Jasonhttp://www.mytwodollars.com/2011/04/20/excellent-credit-score-saves-you-money/#comment-483155 Jason Fri, 18 May 2012 19:20:31 +0000 http://www.mytwodollars.com/?p=2696#comment-483155 Great post. Many people fail to realize the value of their credit score and not only how it can save them money, but it's also an intricate part of everyday life now. Once your credit gets ruined it's very difficult to get anything without having significant amounts of cash at your disposal. Great post. Many people fail to realize the value of their credit score and not only how it can save them money, but it’s also an intricate part of everyday life now. Once your credit gets ruined it’s very difficult to get anything without having significant amounts of cash at your disposal.

]]> By: Thaksilahttp://www.mytwodollars.com/2011/04/20/excellent-credit-score-saves-you-money/#comment-48097 Thaksila Sat, 23 Jul 2011 11:47:55 +0000 http://www.mytwodollars.com/?p=2696#comment-48097 You are absolutely correct thanks for the information. You are absolutely correct thanks for the information.

]]> By: Dexterhttp://www.mytwodollars.com/2011/04/20/excellent-credit-score-saves-you-money/#comment-39252 Dexter Thu, 23 Jun 2011 17:35:04 +0000 http://www.mytwodollars.com/?p=2696#comment-39252 Great post David. Maintaining a great credit score is not just about getting a mortgage at a great rate; it's also important if you want the best deal when you're buying a car, just as you have written. Having a great score also helps you save money on insurance and utility costs and prevents you from having to fork over a deposit to get some kind of service. And lenders may view you as someone they can trust instead of some "deadbeat." Good job sir :-) Great post David.

Maintaining a great credit score is not just about getting a mortgage at a great rate; it’s also important if you want the best deal when you’re buying a car, just as you have written. Having a great score also helps you save money on insurance and utility costs and prevents you from having to fork over a deposit to get some kind of service. And lenders may view you as someone they can trust instead of some “deadbeat.”

Good job sir :-)

]]> By: Mariohttp://www.mytwodollars.com/2011/04/20/excellent-credit-score-saves-you-money/#comment-39205 Mario Thu, 02 Jun 2011 03:00:30 +0000 http://www.mytwodollars.com/?p=2696#comment-39205 Having a good really can save you thousands. For younger people such as myself the best way to build credit is buy paying bills on time. Getting a credit card and only making one big purchase with it and paying off that big purchase. Having a good really can save you thousands. For younger people such as myself the best way to build credit is buy paying bills on time. Getting a credit card and only making one big purchase with it and paying off that big purchase.

]]> By: Emilyhttp://www.mytwodollars.com/2011/04/20/excellent-credit-score-saves-you-money/#comment-39204 Emily Tue, 31 May 2011 21:13:47 +0000 http://www.mytwodollars.com/?p=2696#comment-39204 A person with a low credit score is considered a risk, so of course they get the gift of an extra incentive to make their payments in the form of higher interest. A person with a low credit score is considered a risk, so of course they get the gift of an extra incentive to make their payments in the form of higher interest.

]]> By: Pattiehttp://www.mytwodollars.com/2011/04/20/excellent-credit-score-saves-you-money/#comment-39200 Pattie Mon, 30 May 2011 16:04:09 +0000 http://www.mytwodollars.com/?p=2696#comment-39200 The interest rates that are out there for those with lousy credit totally blow my mind! Like you, my husband and I hover between 790-815, depending on who you are talking to. Right now, we are paying off our final credit card balance (in our long road to being debt free..$72 K down, $12 K to go) at 2.99% interest for the life of the balance, with only a 3% tranfer fee as we took this from a 8.99% card. The latter is the highest rate we have anywhere. It is pretty easy to dig out when you are sending $900 a month and only eleven or twelve dollars of that goes to interest. Stark contrast to the days of Jimmy Carter, when our tiny $51K first home carried a 14.75% mortage, making our payments almost $900/month. Our current home was four times that cost and our payment is only three hundred dollars more! The interest rates that are out there for those with lousy credit totally blow my mind! Like you, my husband and I hover between 790-815, depending on who you are talking to. Right now, we are paying off our final credit card balance (in our long road to being debt free..$72 K down, $12 K to go) at 2.99% interest for the life of the balance, with only a 3% tranfer fee as we took this from a 8.99% card. The latter is the highest rate we have anywhere. It is pretty easy to dig out when you are sending $900 a month and only eleven or twelve dollars of that goes to interest.

Stark contrast to the days of Jimmy Carter, when our tiny $51K first home carried a 14.75% mortage, making our payments almost $900/month. Our current home was four times that cost and our payment is only three hundred dollars more!

]]> By: Garyhttp://www.mytwodollars.com/2011/04/20/excellent-credit-score-saves-you-money/#comment-39153 Gary Sun, 01 May 2011 19:48:16 +0000 http://www.mytwodollars.com/?p=2696#comment-39153 David you are right when you say it's important get get your credit report/score before applying for any loan. Most experts say to do this at least a few weeks before so you have time to clear up any errors. (Like your ex-wife still using an old joint department store charge account). Nice truck by the way. David you are right when you say it’s important get get your credit report/score before applying for any loan.

Most experts say to do this at least a few weeks before so you have time to clear up any errors. (Like your ex-wife still using an old joint department store charge account).

Nice truck by the way.

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