Improve My Credit – Some Reasons Why You Need to
How to improve my credit? Is it really important to improve my credit? How does it affects my entire life? I don’t understand why many people especially in US are making sure to have a good credit record. Please explain further. Thanks!
This is just another question I received from the reader of this blog. Maybe he is curious about my post few months ago about “credit score information”. So let me answer this question. Feel free to add some useful information if you know the topic using the comment box. I highly appreciate it.
Answer: First of all we need to know what is credit score all about. Here’s the meaning,
“Your credit score does not determine whether or not you get a loan. The credit score is simply a number that ranks you with the rest of the population. Your lender may have a policy on granting loans based on credit scores, but the scoring programs do not know that. They just generate a score.”
Image Credit: Mike Bitzenhofer on Creative Commons 2.0 via Flickr — Credit CrunchWhy Should I Improve My Credit?
If you have a good credit, you will gain more reputations. This reputation can use when borrowing money in the bank or any other financial institutions just in case you want to build your own business and need some business capital.
To make the answer short and concise, you need to improve your credit for you to make life simple and easy. Do not make life complicated. Remember, life will be more rewarding if you have a good credit. Let us use some basic “common instinct”. Think about this! “Tell me your credit background and I will tell you who you are”. I hope this makes sense. Thank you for reading. Share your point of view now using the comment box, I promise, your comment will posted as long as it will add value to this short article.