In between studying for my MLO exam last night, I was a little curious to learn more about the qualifications to become a mortgage loan originator. And of course, no surprise, financial responsibility was one of them, which they confirm through the review of your personal credit score and profile.
In our article on personal credit for entrepreneurs, we discuss the importance of personal credit and why you should do everything possible to protect and build your credit and make it as strong as possible. You would be surprised as to what effects a poor credit score and profile will do you and what it will prevent you from being able to do.
A poor credit profile could keep you from securing a job, buying a home, buying a car, will insure higher interest rates on all major lines of credit, or keep you from having access to any credit at all. In order to avoid any of these issues, it is extremely important that you learn about how credit scores are calculated and how to keep your credit score and profile in peak shape.
The last thing you want to do is wait until it’s too late. Imagine the heartache you’d have after having all of the key intangibles a company was looking for in a new hire and were ready to add you to the team, but before they could make it official, you had to have a decent credit score. It would be emotionally damaging to get that far only to be rejected because your credit wasn’t up to par.
Also consider missing out on purchasing your first home or having to pay astronomical interest rates if you do luckily qualify. Money is a precious commodity that shouldn’t be thrown away. With a poor credit score, that’s exactly what’s happening. Others with proven financial responsibility enjoy the luxuries of low interests rates and fewer dollars leaving their pockets per month towards paying off debt.
Do yourself a favor – start early and get your personal credit score and profile off to a great start.
Follow me to the top!
Cultivating Tomorrows Leaders
In our article on personal credit for entrepreneurs, we discuss the importance of personal credit and why you should do everything possible to protect and build your credit and make it as strong as possible. You would be surprised as to what effects a poor credit score and profile will do you and what it will prevent you from being able to do.
A poor credit profile could keep you from securing a job, buying a home, buying a car, will insure higher interest rates on all major lines of credit, or keep you from having access to any credit at all. In order to avoid any of these issues, it is extremely important that you learn about how credit scores are calculated and how to keep your credit score and profile in peak shape.
The last thing you want to do is wait until it’s too late. Imagine the heartache you’d have after having all of the key intangibles a company was looking for in a new hire and were ready to add you to the team, but before they could make it official, you had to have a decent credit score. It would be emotionally damaging to get that far only to be rejected because your credit wasn’t up to par.
Also consider missing out on purchasing your first home or having to pay astronomical interest rates if you do luckily qualify. Money is a precious commodity that shouldn’t be thrown away. With a poor credit score, that’s exactly what’s happening. Others with proven financial responsibility enjoy the luxuries of low interests rates and fewer dollars leaving their pockets per month towards paying off debt.
Do yourself a favor – start early and get your personal credit score and profile off to a great start.
Follow me to the top!
Cultivating Tomorrows Leaders
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