Shape the financial possibilities of tomorrow, with the tools needed to manage your credit wisely today.
Credit Matters- How you manage your credit affects greatly the cost you will pay for many things. The price of financing homes, auto's, credit cards, obtaining insurance and more are all affected by your credit.

First lets use an auto as an example. The payment on a new $25,000 car with excellent credit (720 and above) for five years at 4.5% is 466.08 each month. The payment on the same auto with bad credit (550 and below) at 24.00% for five years is 719.20 each month. That's a monthly difference of $253.12. Over five years that amounts to $15,187.20 in extra interest!

Now lets use a home loan as an example. The payment on a $250,000 mortgage loan with excellent credit (720 and above) for thirty years at 5.75% is 1,458.93 each month. The payment on the same home with bad credit (550 and below) at 9.50% for thirty years is 2,102.14 each month. That's a monthly difference of $643.21 Over thirty years that amounts to $231,555.60 in extra interest! Ouch!
 
What can I do? Living below your means, saving, and paying your bills on time will go along ways but, it wont assure you of the credit  you deserve. You need to know what's being reported to your credit bureau, by whom, and who's checking your credit out. ShopMyLoan.com recommends that you check your credit at least quarterly, monthly is better. You may also wish to consider a credit monitoring service that will notify you of inquiries and negatively reported information. If you would like to view your credit for free, and check out a trial credit monitoring offer for free as well CLICK HERE. No points will be deducted from your credit score when accessing your credit here.