DePaul University Financial Fitness > Build a Budget > Good Credit: Great Asset

Good Credit: Great Asset

Why good credit is a great asset

If used wisely, a good credit history can save you money and offer financial freedom. If you start having problems managing your credit, however, it affects your ability to do the things you want in life, including renting an apartment and buying a car or condo. Some employers now ask for your credit history as part of the hiring process. So, a bad credit history can negatively affect your chances for landing your dream job!

Better credit saves you money.

As your credit score goes up, interest rates usually drop. This means over the long run, buying a car or house will be cheaper for you. This is worth the effort of getting good credit, isn't it?

Don't forget — No Credit is equivalent to Bad Credit!

You must establish credit at some point if you want full financial freedom. Ready to start establishing good credit?​​