Why do I need credit?
|
|
In today's world, unless you are fortunate enough to have an unlimited supply of money, you will need credit. Credit can be summed up as the amount of money at your disposal for a variety of purposes.
When you finally get ready to buy that dream house you always wanted, your credit is going to determine whether or not you are approved for the loan. When you go on vacation, the hotel is going to ask you for a credit card in order to get your room. In order to make purchases online, you will need some type of credit card to complete the transaction.
You need credit in order to make everyday purchases. You need credit in order to make hotel or travel reservations. When you are ready to buy a house or borrow a large sum of money, your credit plays an important role in the banks decision to lend you the money. Your credit is your trustworthiness; your credit is your bond. Take good care of it, and it will take good care of you.
Posted by jonathan on February 28, 2005 at 08:37 PM