4 reasons why you need one

4 reasons why you need one



Here’s a question that lands in my inbox or slides into my direct messages on Instagram every time I talk about the importance of building a strong credit history and score.

“But I thought I should try not to have a credit score at all?”

Best I can gather, this line of thinking comes from personal finance experts who refer to a credit score as a “debt score.”This attitude avoids all shades of gray when it comes to credit history. And it fails to acknowledge that you can build a healthy score without paying a penny in interest. 

Credit Score Poor written on a small chalkboard lying on a cluttered desk

You’ll need a loan someday

It would be just swell if we could all make it through life without ever borrowing a penny from lenders. Everyone could buy cars and finance college from their bank accounts and put down cash for a home. But that’s not feasible for millions of Americans. At some point, most people need to take out a loan. (And sometimes it’s because the interest rate is so low it makes more sense to have the money in the market than buy the house or car in cash!) 


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By Bernice Caldwell

Bernice is one of the finest authors Industry News Today portal has until now. Bernice's linguistic and well-written technique is one of the plus points that have the readers glued to her articles. Bernice currently heads the Healthcare and Services domain as her knowledge on the medical topics is immense. She has just joined the Industry News Today portal 6 Months back but the love for writing can be very well seen. She may be short on experience but it has definitely not stopped her from presenting some of the finest articles. Bernice is currently a very well-known personality on the portal to have shown her skillful writing in such a limited time span.

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