Recap: Credit Score

“No man will make a great leader who wants to do it all himself or get all the credit for doing it.” – Andrew Carnegie

Every person has a few numbers that define them. One of the most important financial numbers in your life is your credit score. This number affects your life in many ways, including whether you will be eligible for car loans and mortgages, and the interest you pay on these loans.

But don’t believe everything that you hear about your credit score. There are many myths floating around, including:

  • Your credit score measures how rich or poor you are
  • It doesn’t matter how much of your available credit that you use
  • Only one person in a relationship has to have good credit
  • You have to carry a balance to have a good score

For more information about what a credit score determines, and how you can raise yours, check out our full blog post from last week. We even gave some tips on how to establish credit for the first time and a few ways that you can improve your credit score.

And remember, at Vargas and Vargas Insurance Agency we can help you with your home insurance once your great credit helps you get approved for a mortgage, or your car insurance if you’re in the market for a new vehicle. Call 617-298-0655 for a free car or home insurance quote.