Credit is used almost everywhere to finance purchases, make reservations, and in some cased, secure employment.
Individuals with good credit are generally approved with best financing terms that can reduce the cost of borrowing. Individuals with bad credit are generally declined and often must turn to sub-prime lenders where financing costs are high.
So why not have good credit? It is something that you can do by simply applying sound debt management and credit building tactics.
We hope your enjoyed this weekly Sunday tip. Please give this tip a quick comment/share and then jump over credit building module for a look on how to build and sustain good credit.