Charge It!!!

With Christmas coming it is really easy to get caught up in the season by using your credit cards.  This month I am going to talk about credit. 

You may use it but you want to make sure that you don’t go crazy and have it affect your credit score.

First, why is it important to have a good credit rating?

The obvious advantage is to make it easier to obtain mortgages, loans and leases.  Some of the less obvious is that landlords may run credit checks on prospective tenants. Employers may run credit checks on people apply for employment. Also utilities and cell phone provides my require credit checks to obtain the service or product.

Having a good credit rating can save you money on mortgages and loans and it means having access to a wider selection of financial services.

Next Week – What is in my credit report.