2006-07-01 02:45:40 · 8 answers · asked by sncsrinivasan 1 in Business & Finance ➔ Credit
VERY!! If you are buying a house it could be a total of tens of thousands of dollars difference from good to average.
2006-07-01 02:49:26 · answer #1 · answered by Rick S 2 · 0⤊ 0⤋
It is growing to be of horrendously critical importance. Employers often check credit histories, landlords do, any lender and even insurance companies.
If your credit score sucks, you will end up having a hard time getting what you need (yes, you can lose a job because of poor credit) AND you will pay much more for many things.
In other words, having poor credit will make your life a lot more expensive to live.
Having no credit is not nearly as bad as having bad credit, but there are ways to develop a credit rating carefully.
Quite honestly, I have a huge problem with the way banks and credit companies lure people in and bilk them for money. Most people don't realize until it is too late that they end up paying in ways they hadn't even thought about.
2006-07-01 09:51:33 · answer #2 · answered by Lori A 6 · 0⤊ 0⤋
Extremely important when you apply for a loan. You may be turned down with a bad credit score and you will certainly pay a higher interest rate with a bad credit score.
2006-07-01 09:52:02 · answer #3 · answered by Superstar 5 · 0⤊ 0⤋
It is extremely important in this day and age. To get a government service job you have to have a good score. to get a mortgage for a house you need a good score. Car loans, creditcards, personal revolvong accts with retailers all hang in the balance of a good score. It is not like it used to be where your word and a hand shake are all you need to get good credit.
2006-07-01 09:54:00 · answer #4 · answered by michael m 1 · 0⤊ 0⤋
Depends on what you are trying to get... if you want a loan, car, or credit card, they definately go by your credit score/report. So it all depends.
2006-07-01 09:48:07 · answer #5 · answered by ddevilish_txnfml 4 · 0⤊ 0⤋
That depends on how much cash you have on hand (OK, in the bank). If you have over $10,000 in savings, lenders will be more interested in your bank balance than your credit score.
2006-07-02 19:44:25 · answer #6 · answered by homeschoolmom 5 · 0⤊ 0⤋
Very Important.
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2006-07-01 14:31:25 · answer #7 · answered by Anonymous · 0⤊ 0⤋
EXTREMELY! They even check it for renting an apartment or buying a cell phone.
2006-07-01 12:17:58 · answer #8 · answered by momof3girls 2 · 0⤊ 0⤋