How Do I Fix My Credit Score?
Having your debts end up in collections can do horrible things to your credit score. If you live in New York, you have options to help start repairing your credit. Why is a Good Credit Score Important? Most people know that having a good credit score is important when getting a loan. The higher your score the lower your interest rate. Two people financing the same car for the same price in the same timeframe can have dramatically different monthly costs. With a bad credit score, you can end up paying hundreds of dollars a month more. If you are a renter, many landlords will run a credit check as part of their background screening of potential tenants. Landlords tend to view low credit scores as a red flag and a sign that the renter is a financial risk. Depending on where in New York you live, employers may run a credit report on you as part of the hiring process (except for some jobs, this is now considered illegal in New York City). A bad credit report may end up...