It’s easy to be in casual denial about the reality of your financial life until it comes to bite you. I definitely had my years of happy denial!
Consumer credit scores have a big impact in our financial lives and it is important that we take care to do the right things when it comes to improving credit and maintaining a high score.
It is also important to recognize what actions or inactions will hurt our credit score. Some consumers make mistakes that cause their credit score to drop significantly. Even if you don’t need a loan in the foreseeable future having good credit matters for other purposes including lower insurance premiums, your ability to rent an apartment, and in some cases, your ability to get a job.
Trust me, good credit is super important to most life decisions you’ll need to make even if that doesn’t seem like the case at the moment. Don’t wait until you need a good credit score to make fix your financial mistakes because by then it’ll likely be too late.