For most of us, loans are necessary and having a good credit score is helpful. Building a solid credit history and maintaining a high credit score can have a dramatic impact on you when you’re considering applying for a loan or even just applying for a prepaid debit card.
A good credit score does not come in handy only when buying a house. If you are not ready to buy a home, it is important to be reminded that renting a home involves a credit check for most people now. A simple delinquent credit can prevent you from renting an apartment or may require you a larger deposit.