No More Mortgage | Credit Score
No More Mortgage finds that lenders have been known to raise credit card interest rates, simply because a borrower makes no more than the minimum monthly payment. These lenders feel that this is occurring because the borrower may be over extended, thus a higher credit risk. However this is exactly where the credit card company makes their money. The interest you pay.
Your credit score and the percent of inerest you pay is a direct reflection of what is sitting on your credit profile. In most cases “about 78%” of all credit reports have errors that hurt yoru score. No More Mortgage wants to help you stop then prevent this from happening in the future.
One sure fire way to avoide bad information from reaching your credit file is to be debt free. No More Mortgage and its team of expert staff have found a way to become and live a debt free life.
An estimated 90 million American’s don’t pay their monthly credit card balances, in full. Credit card companies love this because billions of dollars of their profit is credit card interest. Top interest rates are higher than ever before. (Many say higher than typical ‘loan shark’ rates.) Some lenders are charging 35% interest, in certain cases. Borrowers that are being charged these exorbitant rates are facing a financial disaster. Simply missing one payment, late fees can lead to over limit fees, should the account be close to the limit, in the first place.
No more mortgage has a viable option that can give you both a piece of mind and money in the bank.
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