is a credit score still essential? in what sense? there are lot's of advertisments saying "0% APR and after that is 8.9% for bad credits." and then whenever i check my yahoomail there is always an ad that says, 'sour credit? sweet card." there are also cars, loans, credit cards, mortgages, refinance that requires no downpayment plus good APR rates. how essential are credit scores nowadays?
2007-09-05 11:08:37 · 3 answers · asked by jeremy 3 in Business & Finance ➔ Credit
Good credit reports / scores help in many different ways - lower interest rates for credit cards, loans, etc., lower rates on insurance, a better chance at being approved for a job or rent house / apartment, not having to pay, or pay a lesser amount, of a down payment on utilities, etc., etc., etc.
Keep your information safe, never apply for credit through those offers you receive in your email or on clearinghouse types of credit sites. Those emails are spam, ignore them.
If you apply for credit cards online, only apply on the creditors website.
If you are looking for a car loan, mortgage, etc., deal with your bank or credit union.
2007-09-05 12:26:46 · answer #1 · answered by echo 7 · 1⤊ 0⤋
To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your scoreyou still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.
2007-09-05 21:27:26 · answer #2 · answered by Anonymous · 0⤊ 1⤋
A good credit score is better than cash money.
2007-09-05 18:31:08 · answer #3 · answered by sunshine 3 · 1⤊ 0⤋