At some point in your life someone has likely asked you this question (and if someone hasn't, it's just a matter of time before someone does): how's your credit? You'll be asked that question in a variety of scenarios. Interested in buying a car? How's your credit? Interested in buying a home? How's your credit? Interested in financing your high-priced law-school education? How's your credit? You want that dream job? How's your credit? You get the point. The question – how's your credit? – is among one of the most important questions you'll be asked during your lifetime. What's more, the answer (which you'll answer hundreds of times) will very likely determine whether you are welcomed or dismissed by those asking the question. So, credit -- good and bad – matters.
Unfortunately, too many of us were never taught how to manage our credit lives. Indeed, we're taught our multiplication tables; we're taught how to tie our shoes; we're taught how to ride a bike; and we're even – sometimes – taught how to balance a checkbook. But we're rarely ever taught the nuts and bolts of credit – even though credit is just as important as any of the other essential things we do in life.
To be sure, we've seen our parents whip out a credit card to pay for something. We've seen our parents, in a variety of situations, use credit cards. If you are anything like me, though, you never asked your parents about the inner-workings of credit. The only thing you cared about, insofar as credit went, was making sure the card wasn't declined when mom or dad was purchasing that particular item for you. Beyond that, you didn't much care. And therein lies the problem: because we didn't care, and because mom and dad had a lot of other things to worry about, credit education was relegated to taking a backseat to other types of lessons we were taught. Learn how to read. Check. Learn how to operate the computer. Check. Learn to brush your teeth. Check. Learn how to keep your credit score high enough to ensure you won't be foreclosed from opportunities. Don't feel bad. Not many of us learned that particular skill, either.
That's okay, though -- it's never too late. Indeed, there's always today.
Having good credit isn't difficult to achieve. Whether you make a ton of money or make very little, having good credit is something that anyone can attain. But having good credit – and maintaining it -- doesn't just happen. It requires planning and it requires education.
Which is where this blog comes in. It's my aim to fill in the missing pieces -- or to teach you something from scratch. Mostly, though, this blog is about teaching you all that you must do to attain (or maintain) good credit. Best of all, most of my writing is rooted in personal experience. There's no guessing for me. I know what works -- because I've actually done it.
I'll be exploring a host of topics -- ranging from credit scores to credit cards.