What's More Scarier than Halloween Night?

Having a frightfully low credit score!!

Credit is the ability to get the goods and services before payment, this is based on trust that payment will be made in the future. Many People do not know about the credit scoring system much less their credit score. A credit score is a number that lenders use to help them decide whether you get a line of credit.

Your credit score is a picture of you as a credit risk to a lender. Credit is not an evil thing but it's a good financial tool if used effectively and responsibly. Each individual has his or her own credit score.

Credit is a part of your financial power, it is a tool that can be used for good but may be problematic if you don't know how to use it properly. Using credit reliably and earning good credit scores can help you build wealth and allow you to do business with companies. If your credit score is low you will pay more to borrow money and have higher interest rates. Imaging the disappointment when applying for a car loan or attempting to buy your first home and your hit with higher rates or even a denied notice, YIKES!!! When you know better, you'll do better.