This week, we take time out to count our blessings and be thankful for the good fortunes in our lives, big and small.
Sometimes there are “hidden” blessings that we may not consider too often, but that tend to be beneficial in our every day lives. If you have top tier credit, either by practicing great financial habits or through credit repair, here are a few reasons to be thankful for it!
Better Insurance Rates. Many insurance companies will check the credit scores of their customers and give lower rates to those with high credit scores.
Lower Interest Rates on Credit Cards. When you need to finance a purchase over a few months, you’ll save a lot of money when you have top tier credit and get those lower rate credit card offers.
More Housing Options. If you’re in the market to buy or rent a home, lenders and landlords will give you opportunities not afforded to those with low or marginal credit. You’ve earned it!
Higher Credit Limits. Credit card companies can see that you pay your bills on time and they will be more inclined to offer you higher credit limits if/when you need them.
Lower Interest Rates. Applying for a car loan or a home mortgage? You’ll pay significantly less for those monthly payments because of your high credit scores.
Avoid Security Deposits on Utilities. When your credit scores are low, utility companies will ask you to pay a security deposit before activating your service. With high scores, you’ll never have to worry about it.
So if you have always had great credit, that’s something to definitely be thankful for. You obviously have learned and practiced some great financial habits.
But if you’ve hit a stretch of bad luck, unemployment, or financial hardship, we understand. Bad credit CAN happen to good people. Give us a call, take advantage of our enrollment discount through December 31, 2021, and let’s get things back into shape. Within a short period of time, you’ll be thankful that you did!