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How Your Credit Score Affects You

How Your Credit Score Affects You Suppose you want to borrow $200,000 in the form of a fixed rate thirty-year mortgage. If your credit score is in the highest category, 760-850, a lender might charge you 3.307 percent interest for the loan.1 This means a monthly payment of $877. If, however, your credit score is in […]

How Your Credit Score Impacts Your Financial Future

How Your Credit Score Impacts Your Financial Future Many people do not know about the credit scoring system—much less their credit score—until they attempt to buy a home, take out a loan to start a business or make a major purchase. A credit score is usually a three-digit number that lenders use to help them […]