Lesson 1 - Why Your Credit Score is Important
Explains why a person’s credit score is one of the most important numbers attached to their name and identity.
The basis of your credit score – a number that indicates how likely you are to repay your debts – is based on your credit report. That report is a collection of information gathered from many sources about you and how responsibly you’ve handled debt. As the lesson says, like it or not someday you’re going to need credit – to buy a new or used vehicle or a house. Your credit score will have a lot to do with whether or not you get the credit you need, when you need it.
Why your credit score is important and how to improve it Why good credit matters