Credit Scores

[pennypinch]

Your credit score can make or break you. A lot of people think, I don't care what my score is, I don't use credit. The thing is though you never know what the future may hold so it is wise to establish some credit.

Your credit score effects many things in your life.

Credit card companies and banks all look at your score to determine your credit eligibility and to determine how much interest you pay.

Car insurers also look at your credit score. The higher your score is the lower you pay for premiums and policies.

Many landlords will check into your score as well. If you have a low score they may not rent or lease to you.

Even some employers will look at your credit score before hiring you.

And as I said above you just never know what may happen in the future so it's a good idea to at least establish some credit in case of an emergency.