Understanding Credit for Beginners
Do you understand how credit works? This post will help you figure out how to understand your credit score and begin building credit for your future.
Credit is important because it is used to determine whether lenders will work with you. Yet, often credit is something most of us don’t want to be bothered with until it comes time to buy a new house or car. If you are in need of a loan at some point in your life, it is best to keep a close eye on your credit. You can use free sites such as Credit Karma to help you keep track of your credit.
Did you know you can get a free credit report once a year? By ordering a free annual credit report you can get an actual breakdown of your credit score and FICO score that is accurate. Why is this important? As mentioned, this score is used to determine if Lenders will work with you or not. In short, can you get a loan?
