Credit Report

Good credit is an indicator of your credit worthiness. A high score can be an indicator of financial stability or at least sound financial management previously. Your credit worthyness can be a tool to manage cash flow and financing for specific projects, so establishing and maintaining a good credit score is vital and can even save you money when purchasing certain goods and services. Without a good credit score, things like loans and mortgages can be difficult or unaffordable to get. 

A lot of factors can affect your credit score, to name a few:  

Payment history;

Length of Credit History;

 types of accounts and balances owed.

As such, serious consideration should be given before establishing a new credit source.  

Credit reports are available from several institutions. By law you can request a credit report for free every 12 months.  There are 3 main credit reporting agencies. They are Equifax, Experian and Transunion. There are numerous websites available that provide credit advice. Be proactive, do some research and learn all you can to establish and maintain good credit habits.