💯 Your Credit Score Matters! #credit #creditscore #mortgage #realestate #loan #interestrates

Your credit score is an easy way for lenders to see how good of a borrower you are based on your borrowing history.

It determines:

1) How much you can borrow
2) How much interest you’ll have to pay on the money
3) If a lender will give you a loan in the firs

The higher the credit score, the more you can borrow and the less you’ll have to pay!

If you ever want to buy a house, you need to keep your score high.

Two easy ways to do this is to make sure that you make all of your monthly payments on time and to keep a relatively low balance on your credit cards.

What are you doing to raise your credit?

#credit #creditscore #mortgage #realestate #loan #interestrates

[imperialwhovian]

Credit is one of the biggest problems, there are really shitty reason your credit score goes down and it can take way longer to get it back up, companies need to look at actual payment history in conjunction with credit history.

[epeo]

Credit score is a lousy reflection of one's ability to pay. I could have 10M $, with no debt at all, and not have a good credit score. It's dumb.