Credit score quiz

By
Services for Real Estate Pros with Cambridge Credit Consultants

 

On average, those polled only scored a 60 on the survey, The point is “a low passing grade” on a school level. (You can take the quiz yourself at www.creditscorequiz.org .)

 

Here are a few other things that most respondents didn’t seem to know:

 

Credit scores aren’t about your ability to pay the loan but about the risk of you not paying the loan. Your income could be high and outstanding debt more than manageable to easily assume that $20,000 car loan, but if your track record of paying bills on time is far from stellar, that makes you a credit risk that most lenders won’t take on without just rewards, or a high interest rate, for doing so.

 

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Rainer
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Jark Krysinski
REMAX CREST REALTY WESTSIDE - Vancouver, BC
TeamYVR Team Leader, BA,ABR,IRES,IMSD,LLB

Hi Martin - Thanks for this information.  I want to give my clients who may not have "ideal credit" some background information on where to go to repair it and your article was useful in this process.  Best of luck with your work.  

PS. if you are looking to expand your referral network in Vancouver, BC, Canada send me a shout and we'll discuss.

Jul 12, 2012 11:35 PM #1
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Martin Mills

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