Good Credit Is a Necessity for Daily Living

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!