Wednesday November 12, 2008 - Managing Credit: Credit Score

[0:00] ..." Here on WBZ news radio 1030 with certified financial planner Dee -- we are revisiting a very important topic this week. One topic that business week calls the next rising crisis and that's credits managing your credit and today we're looking at your credit score. If -- this is so important these are quick and easy method for creditor to judge you as a potential customer. But it's not only lenders that are looking at these scores insurance companies. Which could be your homeowner's insurance auto insurance -- life insurance landlords. Cell phone companies and letters they all my goodness everybody has access to it they do. Ambiguity him permission to Asia to give your Social Security number. And the F score for Massachusetts resident is 703. Out of anywhere from 300 to 850. A score above 720. Is"...

[1:30] ..." important factor because many people if if you want to lower the interest rate and your credit cards if you were looking for a home equity credit. Q looking for loans for college for -- it's you know high school seen this year people are going to be looking at their credit score her. -- want to be sure your credit score is well above 720. The the best and easiest way to increase your credit scores pay your bills on time. And do not -- sector credit cards of course it's like -- in the garden before you plan to quite get ready before you apply for those laws right you know so if you want to improve your credit score I would suggest getting on my fight a dot com. But -- the higher your score the lower your interest rate and according to my bike on the difference between a good score and -- scorn for 300000 dollar thirty year fixed rate"...

[0:00]" Here on WBZ news radio 1030 with certified financial planner Dee -- we are revisiting a very important topic this week. One topic that business week calls the next rising crisis and that's credits managing your credit and today we're looking at your credit score. If -- this is so important these are quick and easy method for creditor to judge you as a potential customer. But it's not only lenders that are looking at these scores insurance companies. Which could be your homeowner's insurance auto insurance -- life insurance landlords. Cell phone companies and letters they all my goodness everybody has access to it they do. Ambiguity him permission to Asia to give your Social Security number. And the F score for Massachusetts resident is 703. Out of anywhere from 300 to 850. A score above 720. Is considered good men score about 750. Is considered very good. You can get your credit history for free which cannot -- your credit score is for free then because human. It will selling you're getting your free credit history reporting agencies are going to off your package deal. And then not too expensive and it and but it wasn't too longer the creditors wouldn't even let you know your credit score how much of maintenance. A fifteen dollars okay. But you can also check in in my fight which is a division of the -- IC company -- the company that invented that credit scores my -- go MYFIC. Dot com. They also have ways to improve your credit score on their web site. But this important factor because many people if if you want to lower the interest rate and your credit cards if you were looking for a home equity credit. Q looking for loans for college for -- it's you know high school seen this year people are going to be looking at their credit score her. -- want to be sure your credit score is well above 720. The the best and easiest way to increase your credit scores pay your bills on time. And do not -- sector credit cards of course it's like -- in the garden before you plan to quite get ready before you apply for those laws right you know so if you want to improve your credit score I would suggest getting on my fight a dot com. But -- the higher your score the lower your interest rate and according to my bike on the difference between a good score and -- scorn for 300000 dollar thirty year fixed rate mortgage. Was 891. Dollars a month Anthony willow 11000 dollars a year. So if you have a higher score you can save a lot of dollars the issue -- lower industry excellent okay check the website wbz1030.com. And we'll have more tomorrow here on WBZ news radio 1030."