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Credit - Know the Score
What is a credit score and why is it important?
This episode explores your credit score:
Find out how small changes to your credit score can help you save hundreds or thousands in interest payments.
Example finance illustrations:
£10k loan over 5 years at 20% interest = £256 per month £5357 cost of credit
£10k loan over 5 years at 3% interest = £180 per month £770 cost of credit
A saving of £4587
£100k mortgage over 25 years at 4% = £528 per month and total of £158,351
£100k mortgage over 25 years at 3% = £474 per month and total of £142,263
A saving of £16088
Read more at the blog post mentioned fearlessfinance.co/how-to-improve-my-credit-score/
Download my FREE GUIDE - the 7 Steps to Financial Freedom click here
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By Daniel BrittonWhat is a credit score and why is it important?
This episode explores your credit score:
Find out how small changes to your credit score can help you save hundreds or thousands in interest payments.
Example finance illustrations:
£10k loan over 5 years at 20% interest = £256 per month £5357 cost of credit
£10k loan over 5 years at 3% interest = £180 per month £770 cost of credit
A saving of £4587
£100k mortgage over 25 years at 4% = £528 per month and total of £158,351
£100k mortgage over 25 years at 3% = £474 per month and total of £142,263
A saving of £16088
Read more at the blog post mentioned fearlessfinance.co/how-to-improve-my-credit-score/
Download my FREE GUIDE - the 7 Steps to Financial Freedom click here