Maintaining a healthy balance in your operating checking account is the first step towards financial security. A good credit score is an important next step because it can improve your purchasing power. Having good credit means:
- lower interest rates on a home loan, a car loan, or on a credit card;
- lower rates on some insurance or cell phone plans;
- better chance of getting a job;
- better chance of leasing an apartment.
You can access this fantastic Guide To Credit Scores that was sent out by my friend, Tom Dominko, an insurance agent with Northwest Mutual.
The Guide also discusses the difference between a credit score and a credit report. Please visit www.annualcreditreport.com to get your free credit report.