Keep an eye on your credit score

Document created by raquelkf on May 17, 2016
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Credit scores determine your whole financial future in the borrowing world.  Use a free credit app like Credit Karma to track and receive advice on how to maintain or improve your credit score.  You will end up paying less in interest rates and fees on loans and credit cards if you maintain a high credit score.  Lenders obtain credit scores and use them to determine the rate you will pay based on where your credit rating stands.  The higher the credit score the lower the interest rate which equates to a signification amount savings in interest.  On big ticket items such as cars or a mortgage, a percentage point makes a huge difference and can keep hundreds, even thousands of dollars in your pocket.