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Return To Credit Repair Article Archive   Get Paid For Repairing Your Credit Score By Vincent Pagliani If you've ever spent time doing credit score repair, you may have found it to be a tedious -- even exhausting -- task. Perhaps you even found it hard to stay motivated. But if you could be paid for your time, you wouldn't mind it so much, would you? The key to self-motivation is realizing that credit score repair, in the end, is money in the bank. You're actually being paid for your time, and at a rather lucrative rate at that. In fact, it may be the highest paying job you'll ever have. Take this example... If you boost your credit score to 725, you should be able to finance your home at a rate that's at least 2-3% lower than what you're paying with a sub-prime credit score of, say, 525. This could easily save you $100,000 on a 30-year loan. Now, divide that $100,000 savings by 40 hours of credit repair work. You actually made $2,500 per hour for your credit repair efforts! And 40 hours of credit rescoring work is probably a high estimate. It doesn't usually take this long to rehabilitate a credit file. Convinced yet? Okay, consider this... Lets say you finance a $100,000 mortgage over 15 years. Heres an estimate of how much interest youd pay over the life of the loan, based on your credit score. Excellent: 5.50 % -- $47,075 Interest Fair: 8.25% -- $74,625 Interest Risky: 9.50% -- $87,960 Interest An Excellent credit rating ensures that you can access massive amounts of cash, potentially even interest-free. If you're considered a credit risk, you'll pay far more interest. If you need to borrow money -- or even think you might need to borrow money -- a good FICO score will reward you with extra cash in your pocket, month after month, year after year. Repairing your credit score will not only save you thousands of dollars, it will empower you, give you peace of mind, and plant you firmly on the path to financial freedom. Invest a little effort to become the person every choice lender wants to loan money to. About the Author: Vincent Pagliani is managing editor of Web Entrepreneur Advisory, an internet marketers educational resource, which publishes The D-Word Report: Houdini Method of Credit Repair, the step-by-step insiders guide to credit score repair. Download free chapter... Ameridebt

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