Having good credit is crucial. From credit cards, auto loans to mortgages, good credit will not only bring you convenience, but also help you achieve financial goals such as owning that dream house or car.
What exactly does it mean to have good credit?
A credit score is a number that indicates how likely an individual is to repay their debt. Banks and lenders use your credit score to determine if they would approve your credit or loan application. Having a good credit score makes it easier for you to obtain credit and qualify for loans.
Contrary to popular belief, building a good credit score is not extremely hard. Here are a few habits you can practice to start building your credit score.
