Question

How Do Credit Scores Work?
Imagine you have just turned 18 and are now eligible to have a credit score.
Why should you care about building a strong credit score and what can you do to accomplish that? Include at least three details from the text in your response. in 3-5 sentences

Answer 1

Building a strong credit score is crucial because it affects your ability to secure loans, rent apartments, and even get job offers in some cases. To establish a positive credit score, it’s important to make timely payments on any bills or debts, maintain low credit card balances, and avoid opening too many new accounts at once. Additionally, regularly checking your credit report helps you monitor your progress and identify any errors that could negatively impact your score. By taking these steps, you can set yourself up for financial success as you transition into adulthood.