Clean credit and save money. Clean credit means reviewing your credit reports for accuracy and maximizing your potential through proper budgeting, borrowing and credit utilization. Clean credit, proper budgeting and credit utilization can expand the pool of lenders and rates at which they will lend. Before purchasing a car, refinancing your home, or simply financing a major appliance review your credit report and credit scores for errors. If you find an error on your credit report your have the right to clean up credit and have it removed. Accurate, verifiable, timely information can not be removed.
Studies show, credit is not a subject people feel comfortable discussing with family or friends. Credit can be confusing and like any other subject matter, credit, takes time to understand. Making good credit decisions is important to clean credit. Identifying bad credit decisions and credit is also important. A Credit report with bad credit can catch you off guard. For example, a credit report error that lowers your credit score while financing a car can be costly. A car dealer is not, likely, going to spend time to clean up credit. Instead, the car salesman is going to finance you at a higher interest rate to close the sale. Don't expect to be told you were charged the higher interest rate. Likely, you won't even be told how much the credit score error cost.
If you have a credit repair question, you should get those questions answered. For example, did you know, typically a car dealer has one, two, or often, up to three percentage points they can add to the interest charge when finalizing the sale? Those extra points are a major profit center for most dealerships. To get the best possible financing, make sure you understand your credit report and credit score, review your credit report with a credit repair expert.