MONEYSMARTLIFE.ORG EMPOWERING SUSTAINABLE FINANCIAL WELL-BEING IN WORKING CLASS FAMILIES

the MoneySmartLife.org Lifestyle blog

Empowering sustainable financial well-being for working class families
Picture
  • Home
  • Take Control Tuesday
  • Blog Money Smart Lifestyle Moments Blog
  • About us
  • Money can be Funny Gallery
  • Trusted Advisor Sign-up
  • Discover Your Money Personality Game
  • Other Blogs and Voices
    • How Much Does It Cost You To Work
    • Detroit Praise Network Blog
    • Better Money Habits

7/2/2019

11 Benefits of a Great Credit Score

0 Comments

Read Now
 
A great credit score is 750++ on all credit scoring models. Having such scores is an important part of living a MoneySmartLife.
​
​Here are 11 benefits of having and maintaining great credit scores.
  1. Lowest Interest Rates on Credit Cards, Loans, and Leases
  2. Easier Approval for Rental Houses and Apartments
  3. Better Car Insurance Rates
  4. Get a Cell Phone on Contract with No Security Deposit
  5. Avoid Security Deposits on Utilities
  6. Bragging Rights
  7. Get Better Interest and PMI Rates on Your Mortgage
  8. Improve Your Chances of Getting Hired
  9. Get Approved for Higher Credit Card Cash Advance and Credit Limits
    • Part of your safety net
    • The proportion of balance to limit is 30% of your score. An increased credit limit automatically lowers the proportion to limit.
  10. More Negotiating Power on Financial Products terms and services
  11. Increases Your Partnerships Potential
  • It is hard to go it alone in life all the time. There are seasons in your life when you may want to form mutually beneficial partnerships with others. Having great credit scores can help you contribute to both personal and professional cooperative relationships. It allows you to both set and achieve higher standards.

Share

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

Details

    Archives

    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    May 2019
    April 2019
    November 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Notify me of new blog posts

    Categories

    All
    Borrowing
    COVID 19
    COVID-19
    Credit
    Debt
    Financial Capability
    Financial Well Being
    First Time Home Buyer
    Max Income
    Protecting
    Savings
    Spending
    Taxes

    join money smart lifers

    RSS Feed

    Mansa Musa Trusted Advisor First time home buyer

    Author

    Mansa Musa is a homeownership counselor and homebuyer educator. He is currently the Principal at MoneySmartLife.org. He blogs and speaks on subjects of financial well-being and financial capability. Helping working class families live a sustainable MoneySmartLife through pragmatic solutions and behavior changes.

Picture
MoneySmartLife.org YouTube Channel
Money Smart Lifestyle Moments Blogs

    Subscribe Today!

Submit

Contact Us

Necessary Disclaimers 

  • MoneySmartLife.org and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. 
  • The views, thoughts, and opinions expressed belong solely to the author, and not necessarily to the author’s employer, organization, committee or other group or individual; either in the past or future. 
  • This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.” MoneySmartLife.org states that they’re using this material as part of their “efforts to advance understanding of issues of “financial well-being” and that they believe that this constitutes a “fair use” of the material in accordance with title 17 U.S.C. Section 107. ​
  • Home
  • Take Control Tuesday
  • Blog Money Smart Lifestyle Moments Blog
  • About us
  • Money can be Funny Gallery
  • Trusted Advisor Sign-up
  • Discover Your Money Personality Game
  • Other Blogs and Voices
    • How Much Does It Cost You To Work
    • Detroit Praise Network Blog
    • Better Money Habits