1.) I transferred a high balance to a low "teaser" rate that has a lower fixed interest; and 2.) I bought a truck last nite and qualified for the low 5.9% interest from Ford Credit because I fixed a few items and got my FICO score to over 700. When the finance guy told me that I should buy the extended warranty to help me qualify I literally LAUGHED, and I do mean out loud. When he ran my credit check and mentioned a paid collection from FIVE years ago, i chuckled and told him I knew my FICO score. I qualified and was approved (I saw the approval on the screen from Ford Credit). Not only do I save on interest, I wasn't intimidated into buying a worthless warranty!! The best part of the deal is the finance guy was visible PISSED but I don't care cuz he lied about the warranty helping me qualify!! Moral of the story: Information really is power.