Your personal credit and having a good credit score are crucial for today’s daily life in the United States. The fact is simple – the country’s economy is ran on lending and repayment of debt. Americans who keep their credit score and financial standing in excellent condition are able to save thousands of dollars in their lifetimes by having the ability to borrow money at more affordable interest rates.
For an example, Americans who secure a mortgage below a 5% interest rate on a $200,000 home can save up to $100,000 on interest payments compared to those with a 7% interest rate over the term of the loan. Home loans are not the only financial area where good credit helps save money. Think of car loans, student loans, personal loans from a bank and credit cards.
AlphaOne Credit Solutions can Help Fix Bad Credit with Our Credit Clean Up and Credit Repair Services