You’ve likely heard about credit scores before (thanks to all those commercials with terrible
jingles), but what do you actually know about them? How long have they been around? And what’s
the deal with checking them?
Credit scores are an area of personal finance that seem a lot more mysterious than they
actually are. Many people believe that improving them is a matter of trial and error and, as a
result, there’s a lot of “credit score advice” floating around that can end up doing more harm
Think fast: what’s the most recent financial decision you made? You likely won’t have to
think too far back. It’s not the last account you opened, or the school loans you
consolidated—it’s something much simpler that’s part of your daily routine.
finance some of our biggest goals in life. They can provide access to possibilities that we
can’t afford upfront—possibilities like going to school, buying a home or starting a business
(to name just a few).
The COVID-19 pandemic is a sobering reminder that financial challenges come in all
shapes and sizes. Some obstacles—such as job loss or income reduction—are immediate and
obvious. Others—such as fear or uncertainty about the future—are more subtle, but they can
still disrupt our regular spending and saving patterns in a negative way.