saving spending and credit
Credit Rating = Your Door to Opportunity
Your saving and spending habits have a profound effect on your financial future. Your use of credit -- how much you accumulate and how responsibly you use it -- also plays a pivotal role. Your credit rating is based on your credit history. A poor credit rating may cause you to be turned down for future loans and credit cards. Which of these other life opportunities can it affect?
- Your ability to buy a car, pay for college, or rent or buy a home
- Your ability to obtain life insurance
- Your ability to get certain jobs, such as those that require security clearances or involve handling money
Your credit rating may affect you in ALL these ways. Maintaining a good credit rating is vital, because it has a strong impact on your quality of life.