How To Repair Your Credit Is Important

Decent Essays
Why Repairing Your Credit Is Important
Better Life I love good credit because it makes me feel that life is worth living. Why?
Well, if I want to get a mortgage, I just have to fill out a form at my favorite bank and I get it. Do I need to pay for my college expenses? Well, I can get a loan and pay for that. Easy, isn't? Yes, it is. However, you should remember that I have good credit. The key to my financial life is my credit score, a 3-digit number. I cannot get a mortgage, student loan or car loan without a good credit score.
Better Rates Suppose that I want a credit card. I can get one with low interest rates be- cause I have good credit. A good credit score is awesome because I can get low- cost credit whenever I want to.

Related Documents

  • Decent Essays

    Pt1420 Unit 6 Paper

    • 651 Words
    • 3 Pages

    What is a credit score? A credit score is a number that is given to you on a number of different variables. One of the biggest to determine your credit score is if you pay your payments on time. The score is a numerical value that estimates how credible you are.…

    • 651 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    It may seem like you'll never be able to rebuild your credit, which can make it difficult to ever qualify for an auto loan, mortgage, or credit…

    • 251 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Credit cards are of great importance to everyone. If you don't use credit cards or make payments on something your credit will never go up therefore it will be harder to buy a home, car, or other things. Credit cards can be a pain but as I said before they are a necessity for living on your own and owning things. With a bad credit score your payments will be higher per month on cars, homes, and other things that you will need to survive by yourself. But on the same note don't make it to hard to make all your payments on time or else your credit score will drop.…

    • 898 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Entering the adult world a few people have no clue what a credit score is until it is time to apply for a loan or they need to buy a new car. A credit score is the number lenders look at to approve and decline your application for credit. For example, when searching for a mortgage company to purchase a new home your credit must qualify before you are approved. Credit scores range from three - hundreds in the mid eight - hundreds. Many factors’ contribute to a low credit score, several you have control over and others you don’t.…

    • 1479 Words
    • 6 Pages
    Great Essays
  • Decent Essays

    Why I should be in National Honor Society I am very honored to be even considered to be in National Honor Society. This has been a dream of mine since 8th grade. This shows that hard work does pay off. So I hope that my reason for believing why I belong in National Honor Society are enough to believe that also.…

    • 947 Words
    • 4 Pages
    Decent Essays
  • Improved Essays

    If you're interested in the details of how to fix your credit score, we're here to shed light on the subject. It can be done. It just takes some time and a…

    • 1034 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Your goal should be 760 or above. To make this score good, you should make on-time payments and don’t buy things you can’t afford. It is also not about the total amount of outstanding debt you have, but how much you owe compared to how much you have authorized to borrow. The length of your credit history accounts for 15 percent of your score. Your credit score also determines whether you are responsible in situations like car and student loans.…

    • 620 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Honors College Case Study

    • 2799 Words
    • 12 Pages

    1.What was yoand estaur motivation for joining the honors college? Well one it's free and education is very expensive in the US and my train of thought was why start of college in debt when I can go my two years for free, they can cover everything and ill be able to transfer and possibly get a really good scholarship because I have, you know that, backing that I went to the honors college and follow a career with less debt the someone who just straight transferred to whatever university they wanted to. 2. so tell me a little bit about the process of actually getting into the honors college.…

    • 2799 Words
    • 12 Pages
    Improved Essays
  • Improved Essays

    The heated debate of paying college athletes and the status of student-athletes as amateurs has been argued often and thoroughly in recent times. With testimonies coming from current and former NCAA Division I athletes about inability to afford basic living amenities such as being able to afford dinner, being able to see a movie with friends, or find time to balance athletics with academics and a social life, media and critics have been arguing whether or not it is time to start paying college athletes. Some of the proponents for paying college athletes argue that the amount of time put in by the athletes and the amount of revenue raised by the NCAA and member institutions is exploiting athletes. Those that argue against paying college athletes…

    • 1145 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    With the raising cost of education student now must consider whether going to college is whether it. Student’s now are incurring more and more debt. Also college students believe they deserve jobs after graduation just because they have the degree. It has been shown that high school graduates are 3% more likely to not be currently employed. You could also think that these students more have been more successful whether or not they went to college.…

    • 780 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    What does it mean to be “credit worthy” and why does everyone care so much? Is it actually that important? Credit scores in today’s society can actually be critical. They are used as a determination of a borrower’s risk. They are used to determine insurance rates.…

    • 480 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The Game of Life was a very life experience game. It taught me different life choices. For example one of the choices was to stay on the life path or pay so much for a night class. That could’ve been a win- win situation. If you would’ve changed your career you could’ve made more or made less.…

    • 467 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Maintaining good credit is equally important as establishing credit. With a good credit background, consumers have the ability to borrow funds at reasonably low interest rate without settling with lenders who place incredibly large interest on money. Learning how to establish and maintaining credit is a skill that everyone needs to take serious and perfect. To establish good credit, consumers should pay their bills on time, keep credit balances low and/or maintain the debt to income ratio, and periodically check for any discrepancies on credit report. To begin with, consumers should be responsible by paying their bills on time when they borrow money.…

    • 829 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The Most Dangerous Game by Richard Connell provides a fundamental argument which can be resembled and proven by everyday society. Moreover, when you take at a look at everyday life, you’ll realize that society is built upon predators and prey, and in this particular argument, the predators or banks are benefiting and prospering from the prey, but more specifically people, citizens, and pedestrians. Like how the predators kill the prey in the wild to survive or how Zaroof in The Most Dangerous Game kills sailors that intrude his island by setting up an isberg which causes shipwrecks. Moreover, the sailors then try to look for help on the island, but end up getting killed by Zaroof, which finds pride from playing a game with them or hunting…

    • 1023 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    The Maslow’s Hierarchy of needs is a theory in which people use to motivate themselves to moving a step up in their life. Using this can make a person achieve certain needs. Sometimes making a list of things you think you need to achieve these goals and sticking with it. The list will consist of five steps physiological needs, safety needs, social needs, esteem needs, and self-actualization needs. Each of these play a great part in what is most important when it comes to living a life in which you want the best for yourself.…

    • 1214 Words
    • 5 Pages
    Improved Essays