https://www.youngadultmoney.com/4-reasons-why-your-credit-score-is-important/ Make More. Save More. Live Better. Wed, 15 Jul 2015 18:02:11 +0000 hourly 1 https://wordpress.org/?v=6.6.2 https://www.youngadultmoney.com/4-reasons-why-your-credit-score-is-important/#comment-22908 Wed, 15 Jul 2015 18:02:11 +0000 http://www.youngadultmoney.com/?p=19473#comment-22908 Hey , guys , you can learn how to build your credit history extremely fast right here : https://coursmos.com/course/how-to-build-credit-history?autoplay=1&utm_source=seedcnv&utm_medium=social&utm_content=21&utm_campaign=sd

]]> https://www.youngadultmoney.com/4-reasons-why-your-credit-score-is-important/#comment-22167 Thu, 28 May 2015 18:26:43 +0000 http://www.youngadultmoney.com/?p=19473#comment-22167 Another issue: renting. I’ve been an apartment manager. People who didn’t have credit scores had to put down more money because the company couldn’t tell whether they were a risk or not.

]]> https://www.youngadultmoney.com/4-reasons-why-your-credit-score-is-important/#comment-22162 Wed, 27 May 2015 20:33:27 +0000 http://www.youngadultmoney.com/?p=19473#comment-22162 Financegirl Yes! There are a number of loan companies out there already that are looking past credit scores and focusing on salary, education history, employment history, DTI, etc. Apparently they’ve figured out a pretty smart algorithm to determine creditworthiness based on other factors, so it makes sense to translate it to credit scores as well. It’ll make the process much easier.

]]> https://www.youngadultmoney.com/4-reasons-why-your-credit-score-is-important/#comment-22160 Wed, 27 May 2015 19:18:27 +0000 http://www.youngadultmoney.com/?p=19473#comment-22160 Have you heard that they’re going to start looking at other things besides debt to account for your score? I’m SO excited about this!!

]]> https://www.youngadultmoney.com/4-reasons-why-your-credit-score-is-important/#comment-22159 Wed, 27 May 2015 16:49:40 +0000 http://www.youngadultmoney.com/?p=19473#comment-22159 Christina@EmbracingSimple Yep, interest rates are so important! I was absolutely floored when I found out my fiance had a 12% interest rate when he bought his used car. The loan was only for $3,000, but he had to finance through the (ahem, shady) dealer because he had no credit. Yikes.

]]> https://www.youngadultmoney.com/4-reasons-why-your-credit-score-is-important/#comment-22158 Wed, 27 May 2015 16:48:14 +0000 http://www.youngadultmoney.com/?p=19473#comment-22158 Anum Thanks! I’ve read it’s difficult to build up credit in that situation. It stinks that moving around and living in different countries is almost like a penalty. I’m sure with continued responsible usage it will increase sooner rather than later!

]]> https://www.youngadultmoney.com/4-reasons-why-your-credit-score-is-important/#comment-22157 Wed, 27 May 2015 16:45:16 +0000 http://www.youngadultmoney.com/?p=19473#comment-22157 Eyesonthedollar Yes, the better travel rewards cards do seem to have stricter requirements as far as credit goes. It’s always nice when you don’t have to worry about getting approved!

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