Okay, I took the plunge and am trying to figure out this whole Social Media thing…I signed up on twitter and am starting to share more a more at that site.

   Follow along – http://twitter.com/ChefMarkGarcia

Hello Again,

   While I like to mention that great credit scores will help you with lower loan rates, higher limit credit cards, and business lines of credit, I don’t want to forget to share with you some lesser known benefits of having GREAT credit scores.

> Note: What if everything you ever thought you knew about credit repair, credit scores, and how to fix your bad credit was just plain wrong? Would you keep doing the same things and getting the same results? Or would you try something new and radically different? To end the nightmare of bad credit and start living life to its fullest, go to www.CrushingTheCreditBureaus.com before this site is removed.

   It is common knowledge that bad credit means higher interest rates. If you have had a history of being late on your monthly bills, are running a large balance on your credit cards, or maybe even have filed for bankruptcy, your credit score has suffered. When you apply for a new car loan or need to update your mortgage, your lender looks at your credit report, sees the low FICO score, and socks it to you.

   They feel you are a credit risk, so they charge you a higher interest rate (sometimes a much higher rate). And each percentage point increase in your interest rate equates into bigger monthly bills for you. Fix your bad credit, and in time, the interest rates will fall. But you knew that.

   This blog will share some unadvertised benefits of credit repair that you might not have known.

Unadvertised benefit #1: Lower insurance premiums.

   The insurance companies have convinced themselves that a higher credit rating means people will be less likely to file claims on their insurance policies. So people with good credit are paying less in insurance premiums than you are, year after year. This is true for everything from auto insurance and health insurance, to homeowner’s insurance.

Unadvertised benefit #2: A better job.

   More and more employers are doing credit checks on job applicants before hiring them. While the employers may get your credit report to verify information that you put on your job application, what is to stop them from seeing how you handle your financial affairs, too?

   Those with good credit reports will avoid potentially embarrassing explanations at the job interview. It would be a shame to lose out on a good-paying job just because you were late on some credit card payments.

Unadvertised benefit #3: Lower deposits.

   If you are renting an apartment you can bet your landlord will check your credit rating. Those with good credit may well pay a lower security deposit. It can be assumed that this applies to a variety of other service providers too. Did you have to put down a deposit with the electric utility or phone company before they would hook up service?

Unadvertised benefit #4: Lower fees.

   Some people call them “nuisance fees” but they can really add up. Are you paying a monthly fee for your checking account? How about a high “processing fee” when you apply for a credit card? Families with a high credit rating will get free checking. They seldom pay “application fees” when opening a new credit account.

   And they are much more likely to be able to talk their lenders out of late-pay fees than you. These extra fees are just another way that lenders hedge their bets with dealing with folks with a poor credit rating. How can you reap the benefits of good credit? Make a plan to reduce your overall debt, and be sure to pay your all your monthly bills on time. Of course, that’s just a start.

   There are many more techniques you can employ to fix your problem credit. But in the end you’ll find your money goes much further when you have a good credit rating.

Let’s Talk Soon, Your Credit Score Insider,

Mark J. Garcia

Follow Me On Twitter – twitter.com/ChefMarkGarcia

P.S. If you haven’t downloaded your copy of my online eBook “Crushing The Credit Bureaus”, then you need to do that immediately. You can download it to your computer and be reading it within a few minutes. It’s here: www.CrushingTheCreditBureaus/eBook 

Many of my coaching students and clients ask me if I really am a professional chef. To fulfill their appetite (pun actually intended) I have placed some of the videos I have done. 

Enjoy!

Check Out This Step By Step Video On How To Create Sinful Chocolate Strawberries!

Chef Mark – Decadent Chocolate Dipped Strawberries