HOW DOES #BADCREDIT HURT ME IF YOU'RE A MILLIONAIRE? www.3wayfunding.com

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How does bad credit hurt me if You're A Millionaire?



When you have money and bad credit you are going to struggle to live the lifestyle you want because you don’t show a paper trail to show you’re a credit person.  You pay out more money in interest on loans and credit cards.  If you have just cash everything you buy is going to be questioned.  Say you want to buy a New Cadillac Truck and you have enough money to pay 20% down payment, but because you have bad credit your interest rate could go from 10% to 17%.  Now say you have a 750 fico score, but no money.  You can get that same Cadillac Truck with no money down and interest rates as low as 4%.  Now, I hope you see why is to earn how to fix your bad credit.  Let’s look at another situation, You looking to buy a house in a new development, you have the 20% cash to pay down but your interest rate will be around 8% to 11%.  Another person that has a 750 credit score buys the house next to yours with 3% down that he borrowed and his interest rate is from 3% to 4%.  You had the 20% down but because you have bad credit your house payment is double their house payment.  Having bad credit hurts you in other ways as well.  Say, you want to money up to a higher job position in the company, but all your co-workers know you have bad credit so you’re no longer a candidate for that job position.  This is how bad credit hurts you too.


http://BusinessCreditAmerica.com

Credit Repair Tips and Tutorial: How many credit cards should I own? www.3wayfunding.com

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Learn, how many credit cards you need get a 850 credit score? First thing you need to know how to get your free credit report online and how to get your free credit score online.  Once you have those 2 items, it depends on what are your main goals are you trying to get a mortgage.  Do you know, how to get a mortgage?  If that’s your objective, then you’ll only need between 3 to 5 credit cards, because you do not want to carry to much credit card debt it lowers your borrowing power.  If you trying learn, how to build travel rewards points.  Some people have up to 20 different credit cards.
http://BusinessCreditAmerica.com