Benefits of using RentPlus

Increased credit card limits

Borrowing power can increase tremendously when you prove to creditors that you can effectively handle more credit. You can ask your credit card company to increase your limits, and they often will. It’s important to remember that your ratio of available credit to used credit takes a role in calculating your credit score.

Improved loan approval rate

A high credit score can also help you improve your chances of being approved for a loan. Of course there are some other factors as well, such as income and current debt, but your approval rates will still be much better.

Lower mortgage and refinancing rates

If your credit history is clean, and you have a high credit score, you are more likely to receive lower mortgage rates. You will be considered as a prime customer to lending institutions.

Lower auto/boat/rv/atv rates

Looking for a new car? A new toy perhaps? Interest rates for lending on these items are set based on your credit history. Much like mortgages, the higher your credit score, and the cleaner your credit history, the lower your interest rate will be.

More negotiating power

Negotiating power is strengthened, allowing you to shop different offers, and leverage potential offers against one another. More offers and options open up to you if you have a high credit score.

Better car insurance rates

Auto insurance companies say that people with poor credit tend to file more claims, and are often penalized with higher insurance premiums. With a good credit score, you are likely paying less than similar insurance holders.

Getting a job

It may seem odd to think that your credit could affect your ability to get a job, but the truth is that more and more employers take your credit into account when deciding whether to hire you. People with good credit are seen as more responsible, a quality that employers want.”

Get reduced or waived deposits

Many services require deposits, including: electric, gas, cell phones, TV, internet, etc. Often times these deposits can be reduced, or even waived for those with good credit. This can save you hundreds of dollars when you are moving to a new location.