Why Your Credit Score is IMPORTANT!

I have worked on getting my credit history back in good standing and improving my credit score over the past few years. I had things on my credit history which caused a low credit score in the 400's! I have since been able through a process of steps over the past few years, to get that score up to 849. Before I begin to review each of the steps I took to do this, let's first discuss the IMPORTANCE of your credit score.

I have read others in the whole "no credit" group say how you don't need a credit card, and you don't need to even care about your credit score. They say no credit is better than any credit. I disagree! Even if you NEVER bought anything on credit or took out a loan, there are things in your life that have the potential of showing up on your credit report and thus effecting your credit score.

Things like:

• medical bills
• utility bills
• rent
• and anything else you pay service for

Miss a payment or 2 of any of these and you run the chance of a ding on your credit!

So why does your credit "Score" matter? Years ago, it wasn't really much to be concerned about, but nowadays even landlords are checking your score before they rent to you! Not only that, but it is becoming a tool for employers in determining your future in their company and also insurance companies are using it to determine your insurance premiums for your car and home! Along with others, they have found that it is a useful tool in telling if you are a responsible individual.

Watch the video clip below and you will (hopefully) understand the importance of your credit score! She also gives wonderful tips, so listen and take note.


Begin 2008 with better credit