everything you need to know about credit
know what’s actually worth knowing about credit in just a few mere minutes
the key bits
- Everyone has a credit score attached to them, even if they’ve never dealt with credit before.
- Because of this, showing that you’re responsible and good with credit is the (only) key to unlocking better credit deals and good vibes in the future.
- Being conscious about your score right now unlocks better rates, more savings, good habits and saves you money for future you.
So everybody has a credit score attached to them, even if they haven’t used any credit cards or anything. It’s worth being conscious about your credit score even on the casual, as it ultimately opens doors to better interest rates and favourable contracts. It sets the foundation for big stuff down the line, like buying a car or a house.
why worry about credit?
You don’t have to necessarily ‘worry’ about credit right now. Just staying conscious and doing little things over time will ultimately make things less stressful for you when it comes to a point in life where you need credit, whether that’s for an emergency or to buy a house. These are a few reasons why it’s worth checking out your credit report right now…
financial opportunities
Your credit score affects your ability to get loans, credit cards, even rent an space sometimes. Having a good score opens doors to better interest rates and favourable terms. It's like having a secret weapon for grabbing those awesome opportunities that come your way.
building your future
The future doesn't have to feel doom n' gloom. A good credit score is an important building block to feeling good with your money. It sets the foundation for big stuff down the line, like buying a car or a house. Plus, landlords and potential employers sometimes check credit scores, so it can impact more than just your finances.
better rates, more savings
A solid credit score can score you lower interest rates on loans and credit cards. That means you pay less in interest over time, saving you hard-earned cash. And who doesn't want more money in their pocket?
building good habits
Monitoring your credit score keeps you accountable for your financial choices. It encourages responsible spending, on-time payments, and overall smart money management. It's like having a friendly reminder to stay on top of your financial game.
Stay proactive, keep tabs on your credit, and make adulting feel a little less scary. You got this. The first step into money good vibes is checking out your credit report.