If you’re planning to buy an auto, motorcycle, ATV, boat or camper in the future… remember that your credit scores will dictate what you are going to end up paying. Consumers with low credit scores often pay more when it comes to interest payments than consumers with high credit scores – even when buying the same product!
Take a look at this auto loan example:
This example illustrates the difference between a 580 and a 670 score where the buyer with a 580 pays $6,000 more in interest for the same loan amount. By raising the score from 580 to 670… it’s possible that one could SAVE over $6,000 in interest payments.
Many banks have raised their minimum credit scores to obtain a loan. If your credit scores are below 670; don’t wait (until you need credit) to raise them. It can take some time and you could miss out on a great buying opportunity.
Request a Free Credit Review and let us point you in the right direction to start raising your scores to 700 and beyond. We have been helping consumers since 2008 and we are A+ rated with the Better Business Bureau.
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