There are many things when it comes to money and financing that will surprise you.
There are many more about credit that will actually shock you.
We all know that your score can be damaged with missed payments or paying too late.
Along with that if you continue to miss payments you can end up with foreclosure, repossession, bankruptcy and law suits and those can nearly destroy your score.
What may be a shock is that you can also lower your score by applying too often for a loan or financing, filling out applications for jobs and apartments, and checking it yourself to avoid identity theft.
Each time you check it or someone else checks it the score goes down.
This doesn't make sense and usually catches people off guard because there are dozens of advertisements and commercials that urge you to check it as often as you possibly can.
Along with surprises of how you can damage your score you will also be amazed to find out what a good score can do for you.
You already know that you need it when you apply for a loan or financing.
Not only will it help you get approved but it can also keep your monthly payments way down.
Some people save an average of over $400 a month on their mortgage payments with a strong number.
Along with that however, you also need a good number if you are job hunting.
Over 40% of companies in this country now run a check to see if you are financially responsible.
With so many aspects of earning and saving money hinging on your score you need to know how to fix it fast if it is low.
The best way is by simply hiring a credit repair company to do the job.
Credit repair is great because it only takes weeks and is done at a great price.
By David George