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Five Reasons to Repair Your Credit Score - You Can Do It Yourself
By Carmen Shearer


There are multiple reasons that tell us why we should have a 700+ Credit Score, but these five facts will definitely give you the big picture and hopefully will drive you to want to fix your credit score starting today.

Fact #1: Did you know that consumers with Credit Scores of 700+ are likely to get interest rates up to four points lower than those with scores under 640.

Fact #2: People with Credit Score below 620 won`t get approved for a home mortgage 97% of the time. Therefore if this is your case, you`ll have to keep renting forever!

Fact #3: The interest rates for Jumbo Loans in today`s market are as low as 5% in interest only loans, for 10 years. Only for consumers with FICO score of 720+. Do the math.

Fact #4: Were you aware that you can finance a brand new car for up to 60 months at 0% APR, if your credit score is 700+.

Fact #5: Did you know that there are multiple credit cards companies offering 0% APR not only for balance transfers, but for purchases for up to 18 months... of course when you have a 700+ credit score. Imagine the possibilities!

Copyright © 2005 Excellentcreditnow.com - All Rights Reserved

For more information about this article and/or the author visit http://Excellentcreditnow.com

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