WHY DO YOU NEED CREDIT?
People with good credit will save roughly $250,000 on average in interest and fees throughout their working lives.
Having good credit increases your ability to purchase a home, start or expand a business, take out student loans, and build asset wealth.
Credit buffers against financial shocks so that you don’t have to use costly alternatives to weather unexpected expenses or missed income.
Your credit can affect your access to things not even related to credit, such as utilities, cell phone, rental housing, and employment.