6. Start tracking your credit score. While you might not be planning to purchase a home or a car anytime soon, once you do, you’ll need to have good credit to take out a mortgage or a car loan. The financial moves you make when you’re 23 and dirt poor can affect your credit score when you’re 33 and applying for a mortgage. So it’s a good idea to start tracking how the banks view your creditworthiness by requesting a free yearly credit report and checking your number every year or so.
Reviewing your credit report at least once a year can also ensure that you catch illegal loans taken out in your name by identity thieves. The earlier you catch fraudulent loans, the easier it is to do something about it.
Page 7 of 12
Discussion about this post