Since we just covered what it means to have bad credit, we figured it would probably be a good time to cover what the other side of the coin really means. When you have good credit, a lot of things can happen in the positive sense. You will get the very best interest rates that the lender can offer you. Now, this doesn’t always mean that you’re going to be paying zero interest. If you have zero interest credit cards, then you’re going to have no problem getting more of them. You’re the type of customer that credit card companies tend to offer good rates to — you pay your balances on time every month. Even though you might not pay your whole balance off every month, you make payments that keep the account under control.
It’s important to note that good credit holders can be people from all walks of life, and all types of income levels. You don’t have to make a lot of money to have good credit. Some people prefer to not have very much credit rather than always putting themselves into the problem of needing the credit to take care of the things in life that matter most. This will only make it harder to maintain your good credit rating.
Yes, that’s right — just because you have a good credit rating today doesn’t mean that tomorrow is guaranteed. Identify theft is still rampant, and it can really keep you up at night if you’re not careful. This is actually why a good credit monitoring service is actually going to be the best thing that you can do when you really care about your finances. If there is a problem, you’ll at least see it before it can spiral out of control.
Another point that you will notice about good credit is that you get a lot of offers. This is a magnet for identity thieves, since many things will be mailed to you with your address and possibly even sensitive information attached. If you haven’t opted out of all of the junk offers, now is definitely the best time to do that.
If you want to make sure that you protect your good credit, you will want to make sure that you’re signing up for online bill payment methods. Online methods are much faster than mailing in checks, and you get the peace of mind that comes from knowing your bills really are paid on time. If you were to have to mail everything in, there is always the risk of being delayed and who really wants to deal with that? Good luck out there!