The Westside Gazette

The benefits of having strong credit

Learn how having healthy credit can help you access new opportunities, plus some tips on how to manage it.

Your credit score is one of the most important measures of financial responsibility. It’s a big part of what lenders and vendors look at when considering you for a loan or line of credit. It also can impact your ability to rent an apartment, sign a phone contract, or even get a job. Once you have established good credit, work to keep it that way so you can continue to enjoy the opportunities that come with good credit.

    The financial benefits of good credit

Strong credit can help you get:

    How to manage your credit

You can manage your credit to help you with future purchases — such as a home or vehicle — in a number of ways:

    Regularly review your credit

Beyond credit growth, review your credit reports annually to make sure nothing fraudulent or negative has been reported. Every 12 months, you can access your report for free from each of the three largest credit bureaus in the United States at “Be sure to check the inquiry and personal data sections where signs of identity theft can be spotted right away,” says Heard.

Ultimately, strong credit can help you reach your goals by qualifying you for loans, contracts, discounts, and access to even more credit options. Discipline and the ability to pay your credit-related debts off every month comes first, however.

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