“But don't just call your lender out of the blue. See what others are offering and then go to your own lender. They'll dig into their discounts if they feel they are going to lose you as a customer.”
“Studies show that if you're a credit worthy borrower, you will do everything in your power to keep your credit high. That in itself is skin in the game.”
“[Equity might have been the only thing preventing foreclosure a decade ago, said Hsieh, but these days most borrowers understand the importance of maintaining their credit score.] Studies show that if you're a credit worthy borrower, you will do everything in your power to keep your credit high, ... That in itself is skin in the game.”
“[You may be able to get the best deal on rates and closing cots from your current lender.] But don't just call your lender out of the blue, ... See what others are offering and then go to your own lender. They'll dig into their discounts if they feel they are going to lose you as a customer.”
“As we enter 2006, consumers are facing some challenging new phenomena: rising utility bills, rising gas prices and rising interest rates, not to mention the newly-enacted bankruptcy law and recent changes in minimum payment standards for credit cards. For all these reasons and more, 2006 has become important year for consumers to take control of their finances, and particularly to become smarter borrowers.”
“What we found is that, rightly or wrongly, consumers are accepting increasingly-higher levels of debt as a normal state of affairs. This may not be a problem in a low rate environment, but with interest rates on the rise, the time is now for all of us to take a step back and ask ourselves if we're doing all that we should to ensure we make smart borrowing and saving decisions. The good news is, for those of us who need to make changes, there are many simple ways to get started.”
