Importance of Good Credit
Julio Herrera
Period. 5
Starting Early: The Importance of Obtaining and Maintaining Good Credit
As we grow older, we start gaining more responsibilities. One major responsibility is maintaining a good credit. Having a good credit makes life much more easier. What is credit? Well, credit is the measure of trustworthiness in which a borrower receives something of value now and agrees to repay the lender at some date in the future. So if you have good credit then you can get the best deal possible for a cell phone plan, a new car, a house and basically anything that takes time to pay off. Being a senior in high school, I have to start taking new considerations in life because I am going to become independent in college and have to manage myself. Being able to get the best deal in valued items is the perks of having good credit.
Working at McDonald’s at such a young age gives me financially experience on the hard work that it takes to save up money and pay bills. I recognize the importance of having a job and spending my money wisely. Having a debit card at the age gives me the opportunity to learn on how to save and spend my money. Being months away from starting my college education, I am beginning to start planning ahead financially. If I maintain a good credit then I will be given the best deals when it comes down to taking out loans for my college tuition and personal expenses. Having to pay off this loan on time and fully will grant me good credit in the future. During the next five years, I will work hard, gain money, and commit to paying off credit in order to institute a great credit history. Having good credit allows many great opportunities and having bad credit can ruin someone’s life. From taking out a student loan to buying the new car, having good credit will grant you the best possible deal you can get. Having bad credit in some situations will deny you the access of obtaining that valued item. More and more, I find myself becoming more
Period. 5
Starting Early: The Importance of Obtaining and Maintaining Good Credit
As we grow older, we start gaining more responsibilities. One major responsibility is maintaining a good credit. Having a good credit makes life much more easier. What is credit? Well, credit is the measure of trustworthiness in which a borrower receives something of value now and agrees to repay the lender at some date in the future. So if you have good credit then you can get the best deal possible for a cell phone plan, a new car, a house and basically anything that takes time to pay off. Being a senior in high school, I have to start taking new considerations in life because I am going to become independent in college and have to manage myself. Being able to get the best deal in valued items is the perks of having good credit.
Working at McDonald’s at such a young age gives me financially experience on the hard work that it takes to save up money and pay bills. I recognize the importance of having a job and spending my money wisely. Having a debit card at the age gives me the opportunity to learn on how to save and spend my money. Being months away from starting my college education, I am beginning to start planning ahead financially. If I maintain a good credit then I will be given the best deals when it comes down to taking out loans for my college tuition and personal expenses. Having to pay off this loan on time and fully will grant me good credit in the future. During the next five years, I will work hard, gain money, and commit to paying off credit in order to institute a great credit history. Having good credit allows many great opportunities and having bad credit can ruin someone’s life. From taking out a student loan to buying the new car, having good credit will grant you the best possible deal you can get. Having bad credit in some situations will deny you the access of obtaining that valued item. More and more, I find myself becoming more