My parents provided a great life for me and my siblings, but they rarely discussed good financial practices with us (something I want to do often with my kids). However, they did preach one very important thing the moment I turned 18. Building good credit is essential. And they were right.
Good credit lets lenders know that you are reliable and able to pay off your debts. But good credit is worth much more to you than a lower interest rate on a loan. Consider this partial list of times when our credit score has mattered:
- Renting an apartment – our application […]