Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Establishing Credit and other Credit Report topics.
In this day and age, just about every facet of life is connected to your creditworthiness. It's not just about buying a home or car anymore. Employers check credit reports to see if you are trustworthy. Insurance companies tie premiums to your credit rating. Even landlords check credit ratings to see if you pay your bills on time. Establishing credit helps you get the best deals of life's big purchases. Having active credit cards is also required for renting cars, opening video store accounts and other important matters.
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Sheri Ann Richerson |