How To Improve Your Credit Score In 2014 – Offers A New Guide

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A recently featured article on gives tips and information on how to achieve the best credit rating which can help borrowers avail of the best loan rates and terms. is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Loan Love is able to provide loan borrowers with the essentials when shopping for any particular loan. A recent guide posted on the website provides borrowers with information and tips on “How To Improve Your Credit Score In 2014”.

The article starts by explaining how much a person’s credit score affects their lives and why having a good credit score is so important. For example, the article states that having a less-than-excellent credit rating could make it difficult to qualify for a loan, make it harder to rent an apartment, and make car insurance more expensive, just to name a few areas that are impacted by poor credit. It also mentions that some employers will even take a person’s credit rating into account when deciding whether to hire them or not, so having a good credit score, or working towards that goal if the person’s score is currently not very good, is very important.

Loan Love also explains how credit scores come into play specifically when it comes to applying for a home loan. The credit repair guide says, “… a good credit score will mean you qualify for the best loans in regards to interests rates and loan terms. Because interest rates can greatly affect a loan payment amount, the interest rate will greatly affect how much money you have to spend each month for your home, car or other important items. This in turn will greatly influence how much money you have available for other things in life, which means overall your credit score can have a huge impact on your lifestyle.”

The guide then reviews the different credit rating brackets and explains what those with credit scores falling into these categories can expect when applying for a loan. Loan Love says, “For an explanation of what is considered bad, good and excellent credit and what that means to you as a borrower, read below:

  •     Credit score below 620: A credit score of 620 or lower places you in the “sub-prime” borrower category. If you are considered a sub-prime borrower, you will likely pay 3 percent more on a mortgage loan than someone with excellent credit and will likely pay double-digit interest rates on a home equity loan or a line of credit.
  •     Credit score of 620 to 674: This credit score range is still considered below optimal. If your credit score falls in this range, you will likely pay 2 percent more than borrowers who boast excellent credit ratings.
  •     Credit score of 675 to 719: If you find yourself in this credit score range, you should find it relatively easy to procure a good loan. You will typically pay up to half a percentage point more than a borrower who has excellent credit in regards to a loan.
  •     Credit score of 720 and above: If you possess a credit score at or above 720, you have an excellent credit score. This means you will be able to acquire a lender’s most favorable rates and you are in the position to shop around thus finding the best loan for you in regards to term, interest rates and other factors.”

For more tips and information on repairing credit in 2014, please click here to read the full article on

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Kevin Blue
Loan Love
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