I'd want to go over the reasons why having "excellent credit" is so essential before we get into the specifics of what "credit" is and how you may improve yours. To some extent, this may include discussing some frightening topics, and it may appear at first that I'm making things up to inspire you. I guarantee you that the truth is enough to scare you; there's no need to fabricate anything.

The truth is that "poor credit" may enter your life and bring you a variety of problems, sometimes in ways you wouldn't expect. It has the potential to harm areas of your life that most people would never consider.

So, what precisely is "poor credit"? As most of you are undoubtedly aware, everyone of us has a "credit score." If it's high enough (say, above 720), we have "good credit," whereas if it's too low (below 620), we have "poor credit."

For the time being, I won't go into great depth on what a credit score is, what it's based on, how it's created, who calculates it, and so on.

These are all critical points, and I guarantee we'll go over them all in detail later.

Let's just accept for the time being that a score of 720 or above is desirable, and a score of less than 620 is not.