A credit score lets creditors know if you are good at handling money. But there are a lot of things that a credit score doesn’t tell your creditors about how you handle money.
All in Credit
Many millennials feel like they’ve suffered negative affects due to their score. But, just how much does a low credit score affect millennials?
If you don’t plan on borrowing money, why do you need a credit score? Well, a credit score impacts more things than you know. Here are just a few ways you might be inconvenienced if you don’t have a credit score:
There are numerous reasons why your credit score may not be what you want it to be, but if you find that your credit score is dropping due to bad credit habits, it’s time to fix these bad habits and turn your credit around.
Romantic relationships can be fun and exciting. A romantic partner can help you become a better person, enjoy new adventures, and open a door to new possibilities. Don’t let financial disagreements ruin what could be an everlasting love.
“Millennials’ knowledge of credit cards is lacking” and “very concerning.” When it comes to credit cards, millennials either spend way too much or not nearly enough.
What many people fail to understand is that your credit score can affect more than just financing. Even if you plan on paying cash for everything, here are a few reasons why it’s important to have good credit.
If you use your credit card wisely and pay it off each month, you’d be in a better financial situation than if you used the cash-only method. The benefits of using a credit card wisely far outweigh the benefits of using the cash-only method.
Nearly one third of Americans currently have a poor credit score. And many people have no credit at all. In an economy that relies so heavily upon credit scores, it’s amazing to see such an extraordinary amount of people who aren’t taking advantage of this important financial opportunity.
You may not realize just how vital your credit score is to your financial freedom. Yet, your credit score is like a financial fingerprint that gives lenders a glimpse into how responsible you are with your money. Your credit score could be the difference between financial freedom and a financial sinkhole.
Shame is an epidemic in our culture today. It is blatantly used as a tool in the political arena, ever present within our workplaces, in the media we consume, and throughout the schools of America's children. Shame is a tough and messy topic. Throw money into the mix and the discussion becomes even more difficult and dirty.
Successful RentPlus Resident Webinar on the Basics of Credit. Great questions from the attendees! We will be holding Resident Webinars on a quarterly basis on topics relative to personal finance and credit. One of the many benefits of being a RentPlus property or a RentPlus resident.