The Importance of Credit History and Successful Saving

February 23, 2012

By Katie Bryan, America Saves communications manager

As part of America Saves Week, America Saves and Experian have released a new resource to help people understand the importance of their credit history and how this ties into successful saving.

Good credit plays an important role in your financial life. Not only is it essential for obvious things like qualifying for a loan or getting a credit card, but also for less obvious things like getting cellular telephone service, renting a car, and perhaps even getting a job.

Managing your credit will also help you save for a rainy day. A strong credit history, reflected in good credit scores, will let you qualify for lower interest rates and fees, freeing up additional money to set aside for emergencies, retirement, and other smaller unexpected expenses. Decreasing debt and increasing savings reduces stress and leads to greater financial freedom.

The packet includes information on:

  • What is a Credit Report and Score?
  • Why is Saving So Important?
  • How do I Start Saving?
  • What Savings Options Are Available to Me?
  • Why is Good Credit Management so Important?
  • 5 Tips for Building Good Credit.
  • Frequently Asked Credit Questions.
  • FDIC Model Save Accounts.

Today for America Saves Week, download our new credit score information and assess your credit history.

Visit America Saves on Facebook and Twitter.

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Blogger Resources

We are always looking for guest bloggers to share their savings tips and advice with our readers. 

Review Submission Guidelines

Tip of the Day

  • Written by Katie Bryan | December 12, 2013

    Use your #tax refund when a repair bill, medical emergency or other unexpected expense comes along. http://ow.ly/e7ClM

Saver Stories View all »

Taking Steps toward Financial Fitness

Written by Tammy Greynolds | November 7, 2014

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.

Read more...

Another Dream Realized

Written by Tammy Greynolds | November 7, 2014

Mary Brown was already a disciplined individual when she came to Wisconsin Saves coordinator Wisconsin Women’s Business Initiative Corporation (WWBIC) in last summer. She had successfully completed her bachelor’s degree with the assistance of her husband and son, and was now ready to tackle her next big dream – homeownership.

Read more...

Jump-Starting a Financial Makeover

Written by Katie Bryan | October 28, 2013

Nichelle Johnson, a single mom with two teenage children, knows what it’s like to stretch a dollar. When she moved back to Virginia Beach in 2008, she provided for her family with just a part-time library position.

Read more...

Receive Updates

Sign up for Texts

Written by Tammy Greynolds | July 15, 2014

Read more...

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving