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.
- Written by Super User
- Category: Blog
- Published: 23 February 2012
- Hits: 3004