Good Credit Is a Necessity for Daily Living
By: Jeanette Joy Fisher | Posted: 15th August 2005
Good Credit Is a Necessity for Daily Living
Copyright © 2005 Jeanette Joy Fisher
Real Estate Credit Help Center
http://www.recredithelp.com/
Most of us want a good credit report to obtain vehicle
financing, credit cards for emergencies and luxuries, and to
finance a home mortgage. However, beyond these consumer
loans, a great credit report makes your life easier.
Having a credit card means that you can order tickets, rent a
car, and reserve hotel rooms. Your strong credit score makes
it easy for you to arrange cell phone service and necessary
utility services, without large deposits.
Besides these conveniences, your credit report can mean that
you must pay high deposits and rates for everyday services.
Did you know that poor credit history can keep you from
getting utility connections, good telephone rates, the best
auto insurance, high-quality home owner's insurance, or even
prevent you from getting hired?
Some utility companies set minimum standards for service
connections. If your report shows collection accounts for
prior utility bills, you may not be eligible for service at
all. And if they do agree to connect your service, you'll
need to pay a higher deposit than another customer with good
credit, who may not need to make any deposit. The same
requirements exist for telephone services. People with high
credit scores don't need to pay deposits for home telephone
or cell phone services.
What many people don't realize is that good credit enables
them to get better insurance rates. High-quality, low-cost
home owner's insurance, auto, and life insurance companies
set minimum credit standards for their policy holders. This
means that consumers with poor credit have to pay more for
less coverage. Many automobile insurance companies now base
monthly premiums on credit scores. These companies offer a
17% discount if your score is over 625 and a 25% discount if
your score is over 725. Why? Because according to consumer
surveys, people who care about their credit also take care of
their property and drive with caution.
Terrible credit can cost you a job. More and more employers
look at a candidate's credit report and hire the person with
better credit, assuming that better credit equals better
integrity and character.
What you don't know about your credit could be hurting you.
Don't wait until you need your credit to work on any
problems. Strong credit translates to personal reputation.
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Copyright (c) 2005 Jeanette J. Fisher. All rights reserved.
Jeanette Fisher, author of "Credit Help! Get the Credit You
Need to Buy Real Estate," helps people buy their dream home
or finance multiple investment properties. Jeanette teaches
real estate investing and Design Psychology. For help with
your credit or answers to your questions, visit the Real
Estate Help Credit Center at http://recredithelp.com/ Get
the credit you need to buy one house or twenty!
About the Author
Occupation: Webmaster
Jeanette Fisher, author of "Credit Help! Get the Credit You Need to Buy Real Estate," helps people buy their dream home or finance multiple investment properties. Jeanette teaches real estate investing and Design Psychology. For help with your credit or answers to your questions, visit the Real Estate Help Credit Center at http://recredithelp.com/ Get the credit you need to buy one house or twenty!
Contact him at
http://recredithelp.com
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Tags: credit score, credit scores, utility bills, poor credit history, luxuries, life insurance companies, cell phone service, automobile insurance, consumer loans, collection accounts, insurance auto, insurance rates, credit help, home telephone