How Your Credit Score Can Cost You Money - Even if You're Not Trying to Get a Loan


	How Your Credit Score Can Cost You Money - Even if You're Not Trying to Get a Loan

The AnswerMan

8-29-2009 4:48 PM

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tags:

credit, personal finance, money, debt

The AnswerMan says:

Your credit score is extremely important weather you're trying to get a loan or not. Here is what you need to know and how it can help you.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f1c3584a-0272-4355-bbb9-c8e03bf77948/60A4E73A-24C3-4ED1-B473-5AAC2D4C723B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://opportunitiesaplenty.com/Debt_Blog/2007/02/how_your_credit_score_can_cost_you_money.html" href="http://opportunitiesaplenty.com/Debt_Blog/2007/02/how_your_credit_score_can_cost_you_money.html" style="font-size: 11px;">opportunitiesaplenty.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://opportunitiesaplenty.com/Debt_Blog/2007/02/how_your_credit_score_can_cost_you_money.html">Credit is the flip side of debt. You need to have one to get the other. Like everything else, credit has a cost associated with it. Something will facilitate your goal of getting debt free and improve your chances of landing in a happy financial place is to ensure your credit score is as high as possible at all times. Why, you ask? What if you're planning to stay debt free? Why on earth would your credit score be important then? Why indeed!</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://opportunitiesaplenty.com/Debt_Blog/2007/02/how_your_credit_score_can_cost_you_money.html"><P>Your credit score is important even if you never again get another credit card or buy another vehicle on credit because so many other organizations use your credit score as a way of measuring risk and personal reliability. While it may not be fair in all cases, that's the way it is these days, so get used to it. It's not going to change any time soon. As with anything else, you can whine and cry about it, or use the system as best you can to your advantage.<BR /> </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/60A4E73A-24C3-4ED1-B473-5AAC2D4C723B/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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