Have you been hearing how important it is to have good credit?
Here’s why, in case you’re wondering.
Reason number 1: In order to get approved for a credit card
If you ever will want to apply for a credit card, you will need to have good credit.
When you apply for a card, the card lender/bank does a credit check to access whether they can trust you with their product. Having poor credit is a strong indicator that you may not be ready to responsibly manage a credit card.
And get this – you can’t start building credit the day you decide you need a credit card. It starts a couple of years, at least months, earlier, so that your credit is built up properly by the time you need it.