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The Value of Credit Scores |
| A credit score is a number that helps lenders and others predict how likely you are to make your credit payments on time. Each score is based on the information in your credit report. Today, credit scores affect whether you can get credit and what you pay for credit cards, auto loans, mortgages, and other kinds of credit. For most kinds of scores, higher scores mean you are more likely, |
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to be approved and pay a lower interest rate on new credit.
Want to apply for a new job? Without good credit scores, your job application may be turned down. Your credit scores may also determine whether you can get a new apartment, or how big a deposit you will have to pay for telephone, electricity or natural gas service.
Lenders look at your credit scores all the time. They look at your scores when deciding, for example, whether to change your interest rate or credit limit on a credit card, or whether to send you an offer through the mail. Having good credit scores makes your financial dealings a lot easier and can save you money in lower interest rates. Your credit scores do matter.
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How Do I Achieve Credit Wealth? |
The first questions most people have about their credit wealth are, "What is it and how do I get it!" When you have a low credit score, you pay higher interest rates on your loans and credit cards. On average, that adds up to over $200,000 in additional interest payments that you shouldn't be paying. Now, if you took that savings, and put it into a market retirement account, you would have over $1,500,000 by retirement. That is the value of your credit, your Credit Wealth.
If you currently have a fair to poor credit score, then you are losing money, and your credit wealth. At Hampton Credit we have pioneered a strategy that can take anyone and put them back on the road to healthy credit. We use a two pronged approach that focuses first on developing a credit management plan that is tailored to your specific situation. This management plan will address your existing credit accounts and transform them into a solid strategy to strengthen your credit.
The second approach focuses on credit restoration, where we look at the existing negative items on your credit devise a plan to repair your credit using credit bureau disputes, debt validation, and goodwill letters. Our proven methods of restoring credit will be tailored to your situation, and we will give you all of the tools you need to restore your credit.
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How Do I Get Started? |
You already have! By learning about credit wealth and how it works, you have already taken the first step to healthy credit. You can continue to read through the information contained on our web site, or simply call us to have a Hampton Credit Specialist answer your specific questions. We're good at what we do because we believe in our work, enjoy what we do and are committed to our clients. That means we can get you results you can count on, results that can literally change your life. |
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