Why A Good Credit Score Matters
Автор: Dad is FIRE
Загружено: 2024-09-13
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Although millions of credit card users are worldwide, many consumers need to pay more attention to their credit scores. FICO reports that the national average score in the US sits at an all-time high of 716.
Still, it also marks the first time since the Great Recession that scores did not improve over a year.
Moreover, the average credit card utilization rate as of stands at 31%, up from 29.6% just a year ago. The higher utilization rate may be attributed to more people falling into debt.
As the cost of living rises, how can we use our credit score as an asset, and how will it benefit us by maintaining it?
#credit score #goodcredit #personalfinance #moneytips #financialgoals
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