Spending Less on Interest by Improving Your Credit Score

Did you know that by increasing your credit score, you actually save money? If you are on a mission to save, you need to consider your current FICO score. When determining if you are a creditworthy borrower, creditors use your credit score, which is also what dictates the amount of interest that you will pay on loans and revolving credit. By having a high FICO score, the amount you pay for mortgage and credit card interest rates will be far less, which equates to a nice savings. As an example, a FICO score of 625 is considered a little above average. Because of that, someone with that score...

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