Credit Scores in the U.S. Reach Record High—Retirement Plan Event Launch

A good credit score is important for your retirement planning and more and more of us are fitting into that category year after year in the US even during the Pandemic. The average FICO® Score in the U.S. rose to 714 in 2021, according to Experian data from September 2021. It's the fourth consecutive year of an increase, up from the average FICO® Score of 710 in September 2020. Remember there is a good credit score range. In the United States, to qualify for a rental property loan you don’t need to have the very best credit, which would be more than 800, but usually, if you have a good credit score that's 700 or more it makes it very comfortable for you to get good loans and become a wealthy savvy investor with a robust retirement plan in very little time. It’s not too late even at 70 it’s not too late. Yes, the very best loan is available to those of us with a good credit score, or a great credit score over 800, but it all comes down to the lenders, the market, the time frame, all of that…Yes, it is important for you to have a good credit score, but don’t let a less than good credit score stop you from enacting a powerful retirement plan now. There are loans out there in the marketplace for you if your credit is not the best. And surprisingly, they're not really bad loans— depending on your credit score range, of course. They might be just a little bit worse than the loan for those of you with the best credit. “Absolutely, it's always best to keep your credit in good standing. Knowing your credit score and monitoring your credit regularly is recommended. It’s important to your long-term retirement plan.” - Adiel Gorel, Owner of International Credit Group. When applying for a loan, lenders will always look at the “Four C’s:”Collateral: Refers to the property itself.Cash: Refers to the down payment.Capacity: Refers to your total income, debt, and cash reserves.Credit: Refers to your credit history.To get a good credit score, there are some simple things you can do. Some people have too little credit, if that's you, get a credit card from your bank, use it, and pay it on time every time. Literally only buy what you can immediately afford to pay in cash to show the credit companies you pay your debts consistently and on time. That's an easy way for you to achieve a good credit score. Definitely pay your credit cards consistently, and on time. At our live and virtual events, I invite experts to talk about what's a good credit score, how to improve your credit score, and simple tactics to change your score to a good credit score in very little time. We have many experts speak to provide you with straight answers to any questions you may have to enact this simple strategy or Remote Retirement Riches, the same name as Adiel Gorel’s book.You will see single-family homes in good neighborhoods, near major metropolitan areas, in the sunbelt state with a thirty-year fixed-rate loan a stable wealth builder and by the way, credit builder as your tenants will be paying your mortgage on time every month for you.“And in fact, I think it's not a bad idea to connect with a company like the ones at our events, in preparation for investing in rental properties. These companies specialize in helping investors achieve a good credit score by running through your credit report and finding the glaring holes. Credit scores go quite a bit higher after professional consultation. It's worthwhile.” -Adiel Gorel, Owner of International Credit Group. Knowledge is power, and having good credit is power and the knowledge of how to keep a good credit score is a useful power indeed.Adiel Gorel is launching a free virtual event to help new investors and seasoned investors alike prepare for remote retirement riches through purchasing rental properties. Gorel has helped thousands of investors start a retirement plan that simply works, and will reveal the answer to the most pressing question, know that the average credit score is up and the interest rates are still historically low, where are the best places to invest in 2022” Don’t miss out, click icgre.com/guide. Like many people you may be surprised by how much easier, it is to begin than you thought. Being surprised is not a strategy for your success. What is a good strategy for your retirement planning is getting answers about getting a good credit score, so another year doesn’t float by without a robust retirement plan can mean a huge difference to your bottom line, and to your future happiness?