Is a good credit rating really so important?
Yes, yes and YES! Not only is it essential in order to get loans, mortgages and credit cards, these days you need a good credit rating for virtually everything else too! Most banks will expect you to be credit-worthy even if you don’t want to borrow any money. Even companies that supply basic utilities will usually credit-check you. In short, understanding credit scoring and maintaining a good credit rating should be seen as absolute necessities in todays world.
