Build and maintain strong credit score—unlocking lower interest rates, better loan terms, rental approvals, and sometimes employment opportunities through responsible borrowing behavior. ), credit utilization (30%—use <30% of available credit), credit history length (15%—keep old accounts open), credit mix (10%—variety helps), new credit (10%—too many inquiries hurt).
com—spot errors), limit hard inquiries, mix revolving (credit cards) and installment (loans) credit. Good credit saves thousands in interest over lifetime. Required for: mortgages, car loans, apartment rentals, sometimes jobs (financial positions). Myths: checking own credit doesn't hurt score, carrying balance doesn't help (pay full monthly). Start building early. Financial reputation currency.