This is a very common question. Every customer wants to
know if it is worth improving credit. It is extremely
important and improving your credit will save you thousands!
Credit scores are everything when it comes to financing. The
higher your credit score is the lower the interest rates
will likely be. Take a look at the following examples:
• Your credit score is 560 and you want
to buy a house. You found a house and want a $100,000
loan with a fixed rate and a term of 30 years. Here
is the likely interest rate and payment for a 560 credit
score:
Credit Score : 560
Interest Rate : 11%
Payment: $952.32
•Now let’s take
a look at the cost of improving your credit with Evolution
Credit over a nine month period.
Set up costs : $99
Total monthly fees : $351
(9 months x $39)
TOTAL COST : $450
After nine months of evolving your credit with Evolution
Credit, look at how much you will save from the original
monthly payment of 952.32 with these credit scores: |
