Our credit is very important as it is required that we all have credit records. Having credit records would mean that we are having some expenses made and it is something that could help the economy. We should know that in having a credit that we would also have a credit score as it would determine the quality of payer that we are or what our financial situation is. We all start with a high credit score and it is something that would decrease if we are not able to pay our bills on time or if we would accumulate a lot of debt. We should know that having a low credit score or credit rating could affect our financial situation as it would make it a lot harder for our loans or credit that we are going to apply for in the future to be approved. Having low credit scores would increase the interest rates that we are going to have and it would also limit the options that we are able to get when getting a loan. We should know that having a good credit score would offer us with a lot of benefits as there are a lot of companies that would be able to give us a loan or approve our credit with low interest rates and would also not require us to have a collateral. We would also be able to get a lot of discounts in certain bills in having a high credit rating, discover more here!