Your FICO Credit Score (median score between the Equifax, Transunion, and Experian scores) takes into account your past and present borrowing history including magnitude, payment history, and any public records such as a personal bankruptcy. The higher your credit score, the less risk you pose to your lender, and the less your cost of borrowing will be.
Ultimately, you should take care of your credit score so that your cost of borrowing will be as low as possible given the amount of assets you own and income you make. However, if you have plenty of cash, you can just buy anything you want with "straight cash homey." After all, that's how Randy Moss rolls:
Welcome to my blog! Please leave your comments below...
ReplyDeletelol at the video. I'm working in my credit score, I want to buy a home in the future =), Good stuff you have here, I'm following you
ReplyDeleteMy credit score could use some improving
ReplyDeleteGood to know mate - also great vid.
ReplyDeletecheers dude, this is some good stuff, I appreciate the info.
ReplyDeletefollowin!
dont believe in this :D
ReplyDeleteStraight cash never steered anyone wrong haha
ReplyDeleteI'm kind of glad i havent even started on credit yet.
ReplyDeletegreat advice!
ReplyDeleteBetter to not have any loan at all !
ReplyDeleteGood looking blog by the way :)
Here in Belgium there is a totally different system on loans and credit. I think it is much stricter and rigid than the U.S. system.
ReplyDeleteHaha, I liked the vid
ReplyDeleteJeez Randy, way to keep it classy.
ReplyDeletegreat info thanks
ReplyDeleteNice blog man , lol'd at the video..
ReplyDeletegreat video and post!
ReplyDeleteTrue.
ReplyDeletegood read! :) ill follow you to check out updates!
haha nice video :)
ReplyDeleteGreat tips!
ReplyDeleteHahaa :D That video cracked me up.
ReplyDeleteLove it homey.
ReplyDeleteGood reminder that we should always pay back our loans on time.
ReplyDeletegood post, its true you need a good credit score. or straight cash homey!
ReplyDeleteCredit score is very important
ReplyDeletenice video
ReplyDeletei don't even know my credit score.. probably not a good sign ^^
ReplyDeleteSo high credit score means less cost for borrowing? Or just that more people will be willing to lend you money?
ReplyDeletenice video :)
ReplyDeleteI want a home of my own one day...but my boyfriend has a good job where we live (Long Island, NY), and even small homes are really expensive. Maybe one day :(
ReplyDeletelol great vid and good info
ReplyDeleteThanks for the info. I need to learn more about credit repair.
ReplyDeleteI've had my credit score checked a few times by apartment rental offices.
ReplyDeletecredit score is hard to understand because its so intangible. nice post
ReplyDeleteGreat post! I really needed the info. Thnks!
ReplyDeletegreat video, thanks for the tip
ReplyDeletenice video my friend
ReplyDeleteNice info man!
ReplyDeletethat's so hard to understand oO
ReplyDeleteCool Story Bro!;)
ReplyDeleteEverybody should care about his credit score but it's so easy to lower it. Even if you're working hard for your money, you could only be late in one of your payment and it would be already too late!
ReplyDeleteGetting loans for cars or homes are probably very low priority in this economic mess.
ReplyDeletecool video
ReplyDeleteGood work, unfortunately I don't live in the states
ReplyDeleteMy creditscore is great! I also like the video.
ReplyDeletei've actually never looked up my credit score. i havent had a problem getting credit anywhere though so no biggie i guess, right?
ReplyDeletelol, is that randy moss? hilarious.
ReplyDeleteperson in the video got it all haha
ReplyDeleteI love credits!
ReplyDeleteGlad we dropped that bum. I never liked him, he was always too cocky./
ReplyDeleteCredit score is very important in life :)
ReplyDeleteIf my credit is purposely set low, does it affect my credit score? since I am not making "big" loans
ReplyDeletei have very little credit, hopefully your posts can help me get some
ReplyDeletehaha straight cash money! that's what i'm talking about
ReplyDelete