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Credit Scores and Life

a macro shot of a credit card

So you may have heard those commercials on TV about getting a copy of your credit score for free. But what is a credit score, and why does it matter? Credit scores are like the adult version of grades. Your credit score reflects how good you are at managing your finances, specifically when it comes to credit cards. Pay off your debt on time, and your credit score goes up.

two people consulting with a finance dude

It can take years to build up a good credit score, but it only takes a few months to ruin your credit score. So be careful!

a 3-d interactive bar graph

If your credit score is bad, it could take up to 7 years to get it back up to normal. Only spend 10% of your credit limit and repay religiously.

some glasses on top of a piece of paper with hundred dolla bills chillin

A higher credit score means lenders are more likely to lend you money for things. This is important if you want to get a loan for a house or car.