5 Reasons to Have Good Credit by Ryan Goodrich

A good credit score is important for anyone to have. Loans are a necessary part of life for most of us. Building a solid credit history and maintaining a high credit score can have a dramatic impact on your quality of life now and in the future when you're considering applying for a loan or even a prepaid debit card.

Buying a House

Purchasing a house is one of the greatest investments you can make in your own future. It s also one of the most difficult ones to achieve if you don t have a good credit score. The recession caused foreclosures and short sales aplenty. Even though the housing market has rebounded, banks are still cautious about lending, with more stringent requirements than ever to qualify for a loan. 

​If you re not ready to buy a home, it is important to know that renting a home involves a credit check for most people now. If you show delinquent credit, you may not be able to rent a house or apartment, or you may have to pay a larger deposit.

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