Why Drop Your Credit Score Is Important

As a young adult about to face the world alone for the first time, I have been thinking more and more about finances. Between paying for college, affordable housing, college textbooks, and other costs, I have quite a few expenses coming up soon. Recently, my parents and I have started financial planning. We have talked about saving, credit cards, loans, and paying all bills on time. We have also created a budget for me to use once I enter college. Financial planning is important because it helps you make smart financial choices, which leads you to less likely having a large amount of debt.

When you don’t pay a bill, numerous things can happen to your credit. The biggest thing not paying a bill does is drop your credit score. Having a good credit score is important. Without a good credit score, you cannot get a loan, credit card, house, or even car. Banks don’t want to loan money to someone they see has a history of not paying bills. This is also true for car dealerships. They don’t want to sell a car to someone who seems to not make payments on time. Not paying a bill is extremely serious and can cause a great deal of harm. …show more content…
I will be pursuing a Ph.D in Psychology. I also hope to have a program for young children and teens who live in my community. I want to give them a safe space to learn, grow, and spend their time. Helping people, especially children, has always been a passion of mine. In five years, I want to be in a position to give back to others. I want to organization food and clothing drives for the overwhelming number of homeless people in Baton Rouge. I want to build shelters and safe spaces for them to stay in. In five years, I see myself doing all I can possibly do to make my community a better