Credit Score

When checking credit scores some of my clients hold there breath, get anxious, close their eyes -- they just don't want to know the damage.
Credit scores are often viewed as negative. The unknown. You even have to pay to see what your credit score is, that must mean it is like rocket science.

There is no mystery surrounding credit scores. It is easy. If you have paid your bills and on time your credit score will be great.

It is when you hit a hard couple of years that things just didn't work out and some bills did not get paid on time or at all. Now where is your credit score at?

For those who would like to estimate what their credit score is as of today there is this cool Credit Score Rating Tool from www.moneyville.ca Remember it is an estimate only.

The other cool thing about this calculator is you can use it as a future predictor.
For example today it tells you you have a credit score or 480, because some credit cards were not paid on time or you are maxed out on all your credit cards.
In 2-3 years from now you think your credit cards will be paid off and you will not miss any payments, you can put those numbers in adding 2-3 years in your answer and see where your credit score will be in the future.

Here is the link to the Credit Score Rating Tool

www.moneyville.ca/finan​cialcalculators/borrowing/8575​58

It is fun to play with it.

Thank you
Angela Kroemer, AMP
Mortgage Professional
1.888.679.0190
akroemer@mortgagegroup.com
www.ComoxValleyMortgagesToday.com
TMG The Mortgage Group Canada Inc.