Benefits Of A Good Credit Score

919 WordsAug 19, 20154 Pages
Having a good credit score is one of the best matters one can involve themselves in. Good credit can ensure that one are able to pay for just about anything. From a new car to somebody’s first house, it can make or ruin anyone. Due to the importance of good credit, students frequently take advantage of their college years as a valuable chance to glimpse into adulthood by beginning their steps toward increasing that score. Considering the rising costs of tuition and the steep price of textbooks, it is not uncommon to be incapable of paying for everything immediately. That is where credit comes it. Credit score is a simple concept. It’s a number that represents how often a person pays off debts they owe from using a credit card. A credit card (different an a debit card), does not take money from its owner. Instead, the owner is borrowing money it. At the end of the month, people receive bills from everywhere they owe money. If people can pay them all off, their credit score will rise as a result. On the other hand, if they fail to pay, that number drops. Once a payment is missed, a person’s credit score will receive a blow that will often be very troublesome to overcome. The higher the credit score is, the more trustworthy people come across are to salespeople. 800 is a perfect credit score, and what people strive towards. The college years are a perfect time to establish credit, as it is the first time in their life where students realize that they will eventually need
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