Most times I write and cater to those who have problems with their credit or who have less than sterling scores.
there is another school which has the good credit scores but are in constant danger of those scores falling or them being taken advantage of.
Today, we would talk about the last group which are those danger of being taken advantage of.
We all know or have an idea of how important the credit score is to us all, for instance, when applying for extra credit, a good credit score gives the lender the impression that you are trustworthy and hence, you are entitled to lower rates.
Though this should be the case, at times, we end up seeing the reverse being the issue.
People walk into banks, seeking loans and walk out with out ridiculous rates which could have been easily negotiated with knowledge of the right thing to do.
So the next time you walk into a bank or any other financial institution, It is advised that you have knowledge of your credit score first of all.
As said before, consumers are entitled to one free copy of this document annually so when you get yours, keep it safe.
The reason why you would want to do this is that some lenders are very dishonest, for instance, in the process of approving a loan, giving you the lower interests would lead to reduced revenue on the same amount than if it was given to someone with bad credit.
Though I'm not trying to say all financial institutions are bad, or dishonest, far from that, it is better for you to be forearmed.
Always go armed with a copy of your score and make sure you show it to them and request better rates.
After all, you worked for it so, you deserve it.