You know the feeling of debt, right? That horrible weight that’s always on your shoulders because you owe a lot of money. You have no idea how to pay it all back because you currently live paycheck to paycheck.
It seems to be the norm now so it’s really not that weird… is it? Debt is normal these days. Being debt-free isn’t. Moreover, knowing how to properly manage debt and build a good credit score isn’t nearly talked about as much as it should.
In a recent MyBankTracker survey, it was revealed that 49.7% of millennials don’t own a credit card. And 53% of those aged 18 to 24 said they don’t have a credit card and never applied. It is of the utmost importance to establish credit – good credit at that.
It’s about time we change our perception of debt. Properly managing your debt and attaining a good credit score can drastically improve your life.
- You could qualify to rent or buy a home
- You might have a leg up in your job search
- You can get better insurance rates
If you’re interested in learning about credit scores, this infographic details EVERYTHING you need to know about your credit score and how to boost and maintain it.
It highlights the following:
- What Is a Credit Score, and what factors affect it?
- What Are the Credit Score Ranges and What Do They Mean?
- How You Can Improve Your Credit Score
By the end of the article, you’ll now know how to attain and maintain the ideal credit score. Check it out below.
Infographic designed by Creditpicks.