You must be aware of the fact that a credit score plays an important part in securing a mortgage but are you aware that a credit score could even affect your chances of landing a job or even renting an apartment. A bad credit score could ruin your whole financial life and not just getting mortgage only.
It would be better to maintain a good credit score from the time you start your career. Keep in mind that a single mistake such as missing a loan payment or bill will stay on record for several years and this single blot might cause you hundreds of thousands of dollars in higher interest rates for a loan you take.
If you would like to maintain a good credit score it would be better to go for fewer loans and credit cards and pay your bills on time in order to have a happy time ahead. Finally keep in mind that a healthy credit score is the key to your financial happiness.
Via buffalonews
