Credit Score: This Number Follows You Everywhere—Learn How to Own it.

Imagine being judged on something you weren’t aware of and didn’t even know existed. Welcome to the world of credit scores. It is one of the most important numbers in your life, but hardly anyone teaches you about it. Relax, because you’re about to get ahead of the game. 

What Is a Credit Score?

Think of a credit score similar to a financial report card. It shows to what extent you can be trusted with borrowed money. Credit scores range from 350 to 800; the higher, the better.

Lenders, such as banks, land lords, and car companies,  take a look at your credit score and decide things like:

• Can your bills be paid on time?

• Should you be given a credit card or a loan?

• How much interest should you be charged?

A low score can cost you money, while a high one can save you thousands over a lifetime.

Is There a Reason to Care Now?

Although you may not be using credit currently, your future self definitely will be.

• Looking to buy a car? A good score can acquire you low-interest loans

• Want to get a job? Employers may even take a look at your score reports.

In short: good credit = more opportunities and less stress

How to Build Credit Early

There is no need to wait until you’re 25 to start building your score. Here’s a few ways to start early:

• Always pay your bills on time.

• Do NOT max out your cards.

• Get a student credit card after turning 18 (Helps build the foundation of your credit score)

Final Thoughts: Build It Before You Need It

Your credit score is much more than just a number: it is an essential key to opportunity. Similar to trust, it is easy to lose and hard to rebuild. So start NOW, and build it patiently and smartly. 

In a few years, you’ll be glad you paid attention EARLY.