How Your
Bad Credit Score Costs You
Besides
mortgages and auto loans, there are
plenty of other ways your bad credit
score
costs you loads of cash...
From: Kate Rieger,
President
Second Opinion Solutions Group, LLC
Corydon, Southern Indiana
Monday 07:14am
Kate Rieger
Your Bad Credit Score Costs You Plenty
|
For example, in addition to paying more
for a car, home loan, and credit cards,
a low credit score will most likely have
you paying more for the following as
well:
Auto Insurance
92% of the 100 largest personal
automobile insurers use credit
information to underwrite new
business, according to a 2001 study
by Conning & Co., an insurance-research
and asset-management firm.
Homeowner's
Insurance
Many insurance companies see a
correlation between low credit scores
and increased property insurance claims.
Therefore, a low score will result in a
higher rates for homeowners insurance.
Life and Health
Insurance
When customers pay their monthly life
and health
insurance premiums without fail, they
are less of a burden on the insurance
industry, therefore more profitable.
So when people
don't pay their premiums in a timely
fashion, those people are considered a
higher risk. This causes insurance rates
to go up for everyone in order to to
cost more
to cover losses by people who don't pay
their insurance premiums.
Employment
It's estimated more than 42% of
employers do credit checks on applicants
before hiring them. They will use
the reports to verify information on
your application such as previous
addresses where you lived and previous
employment where you worked.
In fact, some
employment agencies struggle to find
positions for highly skilled applicants
who have a history of debt collections,
bankruptcy, judgments, and
repossessions. Consumer credit
laws are your big stick.
A thorough
understanding of these laws arms us with
the most powerful negotiation tool
available. During the credit restoration
process you need to look for
opportunities where the credit bureaus,
lenders and debt collectors have
overlooked the law. Then you negotiate a
end that strengthens credit and debt
framework.
Become very
familiar with them. Open your mind to
see ways to use the law to your
advantage for credit restoration.
The Fair and Accurate Credit
Transactions Act (FACTA) which
amended the
Fair Credit Reporting Act (FCRA).
The FCRA outlines the rules that credit
repair organizations must comply.
Fair Debt Collection Protection Act
(FDCPA) are the guidelines that debt
collectors must follow.
Bankruptcy Abuse Prevention and Consumer
Protection Act are the new rules for
filing bankruptcy.
I invite you to start your repairing
your credit today by enrolling in this
free mini-course entitled
"Extreme Debt Reduction & Credit Score Boosting Strategies That 98% Of Borrowers
Will Never Know -- And How
You Can Learn These Strategies Too..."
You can
literally be adding points to your
scored today by with the 7 easy lessons that you can refer back to at any
time. To
start this free, online mini-course, please complete the short form below
and you can start immediately -
Yes Kate - I
want to start today!
What others are saying...
Hi Kate,
I do want to thank you so much for your quick and thorough responses to my questions. I am amazed at the amount of information you manage to deliver. Your
program is terrific.
You give an awful lot of personal attention that can never come from a computer
program.
Thanks for everything - I mean it!
Melissa
Louisville, KY
__________________________________________________
Dear Ms Rieger,
God Bless You!
You treated me like I was someone
important. I thank you for that and for showing me how to improve my FICO
scores. You are truly amazing!
Sincerely,
Roberta D.
Jeffersonville, IN
__________________________________________________
Credit Rejuvenations Rocks!
Dave
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P.P.S.
Remember, if you haven't done it yet, make sure you
get your free Special
Mini-Course entitled "Extreme Debt Reduction &
Credit Score Boosting Strategies That 98% Of Borrowers Will Never Know --
And How You Can Learn These Strategies Too..." by completing
the sign-up form above.
Warmest Regards,
 |
