Hidden Secret About Your Credit Score

All your life you've been told by financial guru's, banks, friends and even parents to try and build your credit.  They tell you that "Great credit is just so important,"  or "if you don't have good credit you won't qualify for this."

Here's what I have to say about credit scores...  Forget about it.  You wanna know why?  It's because your Credit Score Doesn't Matter.  Let me correct myself...  It shouldn't matter.  Now I know I'm treading into new territories here but I think it's important for you to hear this.  Your credit score doesn't matter, unless:

A.  Your buying a house soon   

or

B.  Your financially illiterate or what I like to say  "Dumb with Money"

Think about this for a minute; what do you need a good credit score for?  The only reason you need a good credit score is to get a loan and you should avoid that like the plague k.  Before you even think about getting a loan ask yourself if you really need it or can you get by with a cheaper version of the same thing? You know, something you can actually afford?  Say to yourself, self, do I really need this?  Now keep in mind the only things you really need are God, food, water, shelter, clothing and a car... and some would argue that you really don't even need a car but I think you should have one because you still need a way to get to your job and having a job is a good thing.

If you have bad credit don't fall prey to those crazy commercials that try to lure you into buying something, avoid them.  If you have bad credit the last thing you need is to borrow money.  Instead save your money.  Save it until you have enough money to buy whatever it is you think you need.  Because if you don't have enough money for it, generally speaking...  you don't need it.  And if you're going to try an argue the fact that it's going to take you several months to save up enough money, don't.  You need to learn this lesson.  It's called financial discipline. 

Financial discipline happens when you learn to be content with what you have and only spend on things you need until you become 100% debt free.  Then you can buy your toys.. but until then pay off your debt!

Now if you're planning on buying a house, yes, your credit score does matter because it determines what kind of interest rate you can get on your mortgage.  Always put at least 20% down and only buy a house that you can afford EVEN IF you lose your job and could only make minimum wage.  Let's face it, the only thing you can count on in this life is death and taxes.. your job is not guaranteed so just make sure you can still afford your house if you lose it.