By Larry Goldberg
Just how important is your credit score, you may ask? Well, it is very, very important. Your credit score is the main thing that will either allow or deny you to get a credit card, a new set of wheels, or even a home or apartment. If your credit score is not so great, it can have a big impact on your life, both now and in the future.
Your credit score is determined by several things, including your payment history on any previous accounts, your current debt and how it stacks up against your available credit, the types of credit accounts you have, how long your credit has been established, and any recent credit applications you may have filled out. All of these things will contribute to that all-important three digit number, so it’s a good idea to make wise decisions regarding any current and potential accounts. Having a low credit score can mean the difference between getting the things you need and want or living without them.
Choose wisely when making financial decisions that will affect your credit report, and find out what your credit rating means for you. Click here to access your FREE credit report to determine your credit score.