Using credit is a part of modern life. People use credit when they want to buy something over the Internet, make a purchase at a department store, and even pay for their tuition at university. Because of this economic market system in which we all live, credit has become a necessity and you will need to use credit to function in this economy.

Credit has many advantages and disadvantages and having GOOD CREDIT is important in order to access lower interest rates, higher credit amounts, and to have good relationships with your lenders for future borrowing needs. Your credit history is documented on your credit report produced by a credit bureau. Your rating is not established by the government or by financial institutions - it is established by you.