Good Credit Matters More Than Ever

Credit matters more than it did 20 years ago. Why does your credit score matter more than it did 20 years ago? Because more and more businesses are using it to sell, hire and rent to people. Nowadays, some companies check the credit score of an interviewee before they even hire them.  In today’s interconnected global market, your credit worthiness can directly affect your quality of life or the success of your business for that matter Not only is good credit essential for obvious things like qualifying for a loan or getting a credit card, but also for less obvious things like getting cellular telephone service, renting a car, and even getting a low insurance premium. Managing your credit will also help you save for a rainy day. A strong credit history, reflected in good credit scores, will let you qualify for lower interest rates and fees, freeing up additional money to set aside for emergencies, retirement, and other smaller unexpected expenses. Decreasing debt and increasing savings reduces stress and leads to greater financial freedom. The good news is that having good credit is not difficult. Simply follow these five fundamentals of good credit management and you will build and…

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