Creditworthiness Comic Strip for Personal Finance, By Ryan Scherber, 2-13-2020
A good credit score helps you be eligible to rent apartments, buy a car, or . Without good credit score you can't do these things.
I want to know why your credit score matters.
Your credit score is determined by three C's: Capacity, Collateral, Character
I know capacity is your ability to repay a loan, collateral is your assets and character includes your credit history
Ways to improve credit score include making regular payments on loans, using a small or moderate amount of your credit limit (good ratios), fix late payments, and close any unused (unessential) credit cards
Good credit can help me get a better interest rate on my car loan
Yep, your getting the hand of this.
So all my credit score and these 3 C's are all available on my Credit Report?
Wow, this place is awesome, I really need to work hard and improve my credit.
With good credit and being on top of all your payments can help you have money for your own fun
Thank you for helping me understand the importance of a good credit score.