Good credit scores can mean the difference between a lender approving your loan or denying it. Then, after approval, good credit scores can mean the difference between favorable and unfavorable interest rates. Everyone knows this. But, sometimes, people overlook other financial considerations. For example, utility bills. Yes, good scores can reduce your utility bill deposits to zero.
For example, one of our clients shared with us the image above. As you can see, their utility company said:
No deposit is required due to your excellent credit record.
Buying tradelines is undeniably beneficial when you’re looking to secure a loan, but we thought we’d share some of the benefits you reap that might otherwise go overlooked. Here are some other examples:
- Renting a property.
- Applying for a job.
- Utility bills (this blog’s topic).
- Opening a bank account.
- Lowering interest rates through refinancing
Good credit scores are achievable!
It’s true, the credit system in the United States is imperfect, to say the least. However, there are ways to benefit from those imperfections. Adding tradelines to your credit report is one of the ways to reduce the impact of the imperfections we face every day.
If you’re looking to boost your credit score, we highly encourage you to consider seasoned authorized user tradelines as a tool in your efforts. Good credit scores require a rounded out approach and we will conduct a free credit report analysis to help you determine if tradelines are an appropriate option for your credit situations.
Now or later… you’re going to want good credit scores. Why not start now?
Credit scores – whether we like it or not – determine most things in our financial lives. Let us help determine if we can help you and your credit, today. Email us at email@example.com. Or, you can get started right now, by clicking here.
Updated: November 16, 2021