Why is it important to have good credit?
With todays society becoming more and more business oriented, establishing and maintaining good credit is vital if you plan to do any of the following:
1. Apply for employment
2. Rent an apartment
3. Open a bank account
4. Setup an account with public service or the telephone company
It used to be that establishing good credit was important only if you planned to buy a home or car, but not anymore. The simplest task, such as applying for employment could very much mean that you need good credit.
Having bad credit could impede your ability to survive.
This is sad to say, but it is a proven fact that people have been turned down top quality job positions just because of their credit rating despite the fact that that particular job could be exactly what a person needs to fix their credit.
Thats a scary catch twenty-two dont you think?
Ok, Im caught in that scary catch twenty-two, what do I do?
Start by requesting a copy of your credit report in writing. You are entitled by Federal Law to receive a free annual credit report.
There are three major...