Maintaining a credit score above 700 reduces the interest rates paid on automobile loans, leases, credit card debt, and mortgages. The difference between excellent and poor credit scores can result in hundreds of thousands of dollars in additional interest payments over a lifetime.

Authors

• Person: Not available Organization: Champlain College
  Financial Rules of Thumb: Your Money Management Cheat Sheet

Sources

• Financial Rules of Thumb: Your Money Management Cheat Sheet www.champlain.edu Champlain College via serper

Referenced by nodes (3)

• credit card debt concept
• credit score concept
• mortgages concept