09/15/2021
To all my people with poor or fair credit scores, do you want to know what's making your life harder than what it has to be? The answer is your credit score.
When credit bureaus, banks, loan companies, car dealerships, etc., check your credit, all they want to know is if you're financially responsible. Do you pay your bills on time? Do you pay back loans on time? Do you manage your money well enough for you to not miss any payments? Do you have a lot of people turning you down due to your history? Do you atay within a certain percentage or do you max out your cards?
Overall, companies check your credit to see if they can trust that you're going to give them their money on their terms. If not, they charge you extra simply because you haven't shown financial responsibility. So just in case they don't get their money back from you, they'll charge extra to cover what they could possibly lose.