They Said We Had NO Credit Rating--How Come?

Are you one of those people who have been sailing along for years, paying your mortgage payments on time, and making sure you don't get in over your head in credit card use?

Is your credit rating perfect, or nearly perfect? Congratulations.

My husband and I decided, right after we paid our house off a number of years ago, to go on a cash basis. If we couldn't afford something, we wouldn't buy it until we had saved enough cash to buy it outright. This worked pretty well until about this time last year when we saw a great deal on a TV set offering more than $200 off for a limited time. We agreed to buy it, but as I started to write out a check for the total amount, the clerk drew my attention to the fact that the discount was only for those who opened an account with the store.

No problem, we agreed and told them to fill out the papers. (We intended to pay the item off with the first billing, and not to use the account for anything else.)

A few minutes later, the clerk sadly informed us that they had checked us out and we had NO credit rating. "That's because we don't buy anything on credit," we informed him. The upshot of the whole thing was that we didn't buy the TV set, we didn't get to enjoy our $200 savings, and the store lost our business---permanently.

Since then, we have bought a couple of small items on time, just to make sure we don't get caught in that situation again. Maybe you should take a minute today to check out your own credit rating at Perfect Score Mortgages

Right now, while rates are still low might be the perfect time for you to think about getting a loan for some of those home renovations you've been putting off---and putting off---and putting off. Perfect Score Mortgages is the perfect place to check out what might be available to yo

Home loans aren't just limited to buying a home anymore. They can be used, as I mentioned before, to do those renovations you've been thinking about, for re-financing your loan to get a better deal on interest than you have already been paying, or even for large-item purchases that are not directly connected to your home. If this sounds like something you could use more information about, take a few minutes to visit Perfect Score Mortgages It will be well-worth your time.