March is National Credit Education Month

March is National Credit Education Month                                                                                         

Now is the time to learn a little bit more about the importance of your credit score and financial education.

First, make sure to check your credit score. Credit scores rage with anything above 800 considered to be an excellent credit score. Here are 3 benefits of having a good credit score:                                                                                                                                                                           

1. Low interest rate on loans and credit cards

If you have a good credit score, you will most likely qualify for the best interest rates. The less you pay in interest, the faster you can pay off your debt.

2. Better car insurance rates

The lower your credit score, the higher you will pay for your insurance premium. With having a good credit score, you will notice that your premium is a lot less than someone with poor credit.

3. Get a Cell phone without prepaying or having to put down a security deposit

Most of us can’t live without our cell phones these days. If you have a poor credit, many cell phone companies may require you to have a prepaid plan or require a security deposit. Good credit can help you to avoid those up-front costs.

Monitoring your credit score is important and we are here to help you every step of the way. We offer several options to check your credit score on a daily basis without it effecting your score. Learn more at: www.freestarfinancial.com/FreeCreditReview