FMOOD 0187: Why Credit Scores Are Important - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.
from 2017-06-21T06:00
Credit scores are still important. Many folks associate a credit score as a means to be able to get credit, but a credit score is used for much more than just approval of a credit line or loan. Certain employers may use your credit score as a determining factor of your employment. You'll need a healthy score for favorable interest rates on loans, including mortgages. Renting will be much easier and likely with a smaller deposit with a high credit score.
I have been doing a lot of research on the topic of credit scores, mostly because I've heard the repeated guidance from some sources to not be concerned about a credit score. After looking at things on my own, I am having a difficult time with the logic of purposely trashing your credit score. In this society, a credit score is important, and I think it's best to maintain or focus on raising your credit score, even if you aren't concerned about borrowing money.
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