High Credit Scores Possible For Martial Artists
I always believed that many of the skills we learn from martial arts training can be applied to other areas of our lives. Such skills as working hard towards certain goals is one of them. And if we apply such skills, getting high credit scores by not abusing our credit cards is certainly possible for all martial artists who are old enough to establish credit.
I wrote in another blog about staying on top of your credit report and now I was able to get my actual credit score from a colleague who has access to this type of information. The credit report, which you can get once per year for free from both Equifax and TransUnion, does not show your credit score. To get your credit score from one of the credit reporting agencies, you have to pay a nominal fee.
I didn’t bother to order my credit score because I kind of knew that it would be fairly high anyway, especially after seeing the R1s on my credit report. But my friend was able to get it anyway and he revealed to me that my credit score is currently 805, which is considered very high.
A credit score of 680 and up is acceptable in the eyes of many financial institutions and above 700 is really good. In my case, I think I was able to achieve my high rating because as outlined in my article about never paying credit card interest, I always pay my full balances each month and on time.
Rent To Own Programs
Unfortunately, many folks, even martial artists who are currently renters and want to become homeowners, cannot get approval for mortgages because their credit scores are too low. Their past credit habits of spending too much on their credit cards and/or paying balances too late have caused their credit to become tarnished.
It’s time to take some of those valuable lessons we learned while training martial arts into the real world!
Some others, even with decent credit scores, do not have enough of a down payment to obtain a mortgage. So such folks have been stuck as renters even if they want to become homeowners.
There are ingenius programs out there known as Rent To Own programs which help these kind of people out. These programs in fact help people with poor credit and/or insufficient funds for mortgage down payments to become homeowners within a few years while renting a home that they will eventually purchase at a predetermined price.
Instead of going through financial institutions, private investors administer Rent To Own programs for homes. You can likely find such a program near your area if this is something that would help you become a homeowner.
Since I’m now aligned with quite a few private real estate investors, I have also decided to develop a Rent To Own program as well in order to help out folks in Canada. If this would be of interest to you or somebody you know who is currently a renter and would love to become a homeowner soon, check out my new Canadian Rent To Own Homes website.
Whatever your case might be, I hope that everyone out there in the martial arts world takes positive steps to become proud holders of high credit scores as I hope the articles linked in this blog post will help people achieve that.
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