Tag Archives: Credit is the key

Credit is the key

Many people don’t realize that their credit dictates what they can buy and what they will ultimately pay for it. A low credit score will almost always lead to an increase in what you pay to obtain credit. Your score will dictate what type of financing you get and if you will get financing at all. The lower the score, the higher the closing cost or interest rate. Credit scores are determined by your payment history, the amount of available credit that you have, the amount of ongoing balances that you have relative to you limit, the types of accounts …

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