If you follow the steps in my Free Book, you can have a 720 credit score four to five years sooner than waiting for that bankruptcy or foreclosure to simply fall off your credit report!

But it won't happen if you don't take the proper steps…today!< p>

Why is a 720 Credit Score so important? Here's why.

With a 720 Credit Score, you will save money.

First, let's look at the cost of having a low credit score due to a bankruptcy or foreclosure.

According to my www.MyFico.com (February 13, 2009), the difference between a 720 credit score and a credit score of 659 for a car loan interest rate is 5.516%!!!

Let me be clear, a person with a 720 credit score will be given an interest rate of 3% whereas the person with a 659 improve credit score will be offered an 8.55% rate!

The difference between these scores is only 61 points.

On an average car in America, that's an additional $115 a month or $1380 per year. Why overpay $115 per month for the duration of the loan?

Over the course of a typical loan, that means you would be paying 20% more for that same car.

Even worse, imagine what your credit score is after the bankruptcy or foreclosure! Most likely it's WAY below 600! For more information