800-983-4950, 209-229-7750



672 West 11th Street Suite200
Tracy, CA95376

Learn More About Credit

What Is A Credit Score?

A credit score is a three-digit number based on a borrower’s bill-paying history. This represents a debt profile and statistical information on borrowers that lenders use to determine the likelihood of certain credit behaviors, such as whether you will pay money back on time.

Your credit score is key information that you need to have a complete understanding of. Your credit score will have an important impact on the interest rates you’ll pay when borrowing money. Knowing your credit score allows you to question the accuracy of the score and to negotiate the best rates with lenders. A credit score is not included in a consumer credit report and must be purchased separately.

Credit scores are also being used for purposes other than determining whether you will default on a loan or make late payments. For example, some insurers are using low credit scores, as indicators to identify individuals they believe are more likely to make claims against their insurance policies. These insurance companies maintain that there is a correlation between poor credit and filing multiple insurance claims. An accurate credit score can make the difference not only in interest rates charged on loans or credit cards, but also on the availability and cost of insurance, an already high price essential for most families.

Why Credit Is Important?

Failing to take steps to improve your credit score could cost you hundreds to thousands of extra dollars on a home loan, car payment,  credit card, or insurance bill.
Many people know your credit score can affect everything from whether you qualify for a mortgage or whether an employer hires you. But if you haven’t yet made a plan to consciously improve your score, it may already be costing you.
When it comes to mortgages, auto lending, and credit cards, the higher your score, the less you’ll pay in interest. The time and effort it takes to improve your credit score, will help you save your hard earned dollars over the course of your lifetime.

For most people, a mortgage loan is where they’ll reap the greatest rewards from an improved credit score. Someone who has excellent credit can actually get a better fixed-rate loan. However, for people who have “less-than-excellent credit”, commonly anything below 650 (on the FICO scale of 300 to 850) they are looking at an interest rate that’s 1% higher, at the bare minimum.

We Are A Company That Is Known For Giving Back

Every year Platinum Credit Solutions takes into consideration the the dedication and sacrifices that our Veterans have made for us. In return we work to host an Uplifting Community Breakfast to serve the Veterans back. In recent past years we teamed up with the local Stockton restaurant, Fat City Brew BBQ and invited the community to come join us in support of our Vets. This is one of the many Philanthropic events that we strive to host every year.

"Our Greatest Weakness Lies In Giving Up"

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