http://www.bakersfieldvoice.com/home/Blog/Jayh1 life, opinions and more.. en-us http://www.bakersfieldvoice.com/home/Blog/Jayh1/29597 <p>We are all aware that a low credit score will cost you more on a loan or a credit card but very few of us actually take notice of the other insidious effects a credit rating has on our lives.</p> <p>In a sense, credit ratings have become a new form of class filtering, those with bad credit ratings are placed right at the bottom, below are some of the things which for them will costs more or have a negative effect:</p> <div><b>Insurance</b></div> <div>Insurers believe that if you have a good credit rating, then you must be carefully, likewise, if you have a bad credit rating, you&rsquo;re risky and more likely claim, therefore you don&rsquo;t get offered the cheapest premiums available.</div> <div><b>Car loans</b></div> <div>As with other loans, the higher the risk you&rsquo;re, the more interest you&rsquo;re likely to get charged when you apply for a car loan.</div> <div>&nbsp;</div> <div><b>Renting</b></div> <div>Some landlords are wary of potential renters who happen to have bad credit ratings, some will ask for a higher deposit or reject the renter altogether.</div> <div>&nbsp;</div> <div><b>Utility bills</b></div> <div><span style="font-size: larger"><span style=""><span style="font-family: Arial">Gas and electricity suppliers also band their customers, those that can&rsquo;t pay by direct debit often end up paying more.</span></span></span></div> <p>A good thing about credit ratings is that you're not doomed forever by a bad credit rating, there are things you can do about it. Whilst&nbsp;things like <a href="http://www.breadmarket.co.uk/credit/creditcards-with-bad-credit.php">credit cards for bad credit</a> can improve your credit score, the most effective way&nbsp;to improve a credit score&nbsp;is paying off your debts.&nbsp;</p> Fri, 04 Jul 2008 13:20:05 PDT