Posted by Elisabeth Leamy, Tue Sep 29 2015, 02:20AM
In this economy, having a good credit score matters more than ever before. It used to be that anybody with a score of 680 or above could land a great loan with the best possible interest rate. But when the economy tanked, banks started casting about for ways to limit their own risk and they decided not to offer the best interest rates unless a customer had a score of at least 720 – maybe even 740. Achieving a 740 or higher credit score will assure that you can get great loans and will help you SAVE BIG, because these days the interest rates offered to those with tip top credit vary drastically from those with even marginal credit.