Every time you take out your credit card and put it to use, your purchase, as well as how and when you pay it off, will contribute to your credit score. The credit score is not just another number that you can afford to not take seriously. Too many people fail to realize that in the future, when they want to purchase big ticket items such as houses, their credit score will have a major say whether this goes ahead or stalls.
A low credit score, among other things, will block you from being able to purchase your desired item or make things a lot more difficult for you by compelling the financial institution you approach to attach higher-than-average interest rates, or insist that you clear up your credit in a shorter period. Surely, this is in no way an ideal situation, or is it?
A high credit score, on the other hand, makes things a lot easier. Buying a house, for instance, becomes less complicated. You will be able to buy your item smoothly without having absurd interest rates attached, or have to pay off your credit amount in a short time window. Simply put, a healthy credit score will make your financial life easier.
If your credit score is nothing close to being good, you can agree with me that accessing credit and other financial services is never easy. Banks, insurance companies and even some employers these days check your credit score to determine how much to charge for various products and for various other purposes. This essentially means that having your credit score as high as possible should be top on your priority list, especially if you have any hopes of accessing credit or using various other financial services.
This book is there for you; it will help you to understand how to improve your credit by having different items that may be hurting your score removed. Let’s begin.