| The average person assumes that having an excellent | | | | when talking to your lender if you feel the interest rate |
| credit score is all that's necessary when applying for a | | | | is too high speak up! It is up to the lender to try and |
| loan. But that is definitely not the case along with a | | | | make the company money and the best way to do |
| stellar score you should bring with you a head full of | | | | that is charged higher interest rates. And it is up to you |
| knowledge pertaining to your credit situation. Creditors | | | | to look out for your best interests and try to drop |
| make money off of interest rates. So regardless of | | | | those rates. The best way to do that is to be well |
| how great your credit is if you do not know your | | | | educated. |
| actual scores and rely on the honesty of your lender | | | | If you show up with a printed copy of your credit |
| you may certainly not be getting the best rates that | | | | report and score then you automatically have the |
| you qualify for. In a perfect world that would be the | | | | upper hand. If the lender for some reason tells you that |
| case but as we all know that is not where we live. | | | | they have a different score in the records for you that |
| As bad as it sounds some lenders prey on the | | | | is lower and you know that your report is fairly current |
| ignorant. If you do not know your credit score when | | | | standup and walk away. There are tons of lenders for |
| applying for a loan you're at the mercy of your lender. | | | | you to choose from and you shouldn't be bothered |
| They have the option of giving you a higher interest | | | | with those who are solely looking for a profit and not |
| rate than you deserve and even telling you that your | | | | catering to those customers that have earned the right |
| score is less than it really is. You should never let their | | | | to lower interest rates. |
| lender have the upper hand. | | | | Thanks to the fast-growing technology and the |
| Always look up your credit score before applying for | | | | Internet getting a credit report is extremely easy. The |
| any major loans. Just like with any large purchase a | | | | days of writing the credit bureaus and waiting weeks |
| certain amount of research should be done. You can | | | | to receive your report are over. You can easily get all |
| do some research on the Internet and try and find | | | | three of your credit reports and scores in a matter of |
| similar credit scores to yours and match them with | | | | minutes online. So before you make the mistake of |
| certain interest rates in your area. Or talk to friends | | | | walking into a bank or another lender without being |
| and family about their current interest rates should they | | | | prepared, make sure you order your credit report and |
| feel comfortable speaking with you on the subject. If | | | | score. |