What does is mean to have good credit?  Who cares who sees it?

Unbelievably, your credit report is public information to anybody where you are asking for a line of credit.  Any time you apply for employment, an apartment, or attempt to make a big purchase, you are asking for credit and permitting the potential creditor to view your credit report.  Although your credit report does not reveal a personality diagnose, it may just as well, considering it is through your credit report how others (potential creditors) will perceive what kind of person you are.

Businesses look into your credit report and determine by your ability to pay and follow through on your promises what kind of person you are.  

Do you adhere to your promises?  

Are you stable, do you follow through on payments?  

If so, then you most likely are a good and reliable person.  You may be worth giving a chance at that perfect job, or residing in that particular community. 

What about good people with bad credit? 

You may be a good person, you may even be the most considerate and compassionate person alive; however, if your credit report shows a late payment or no payment on an account at all, your entire being could be perceived as not reliable, unstable and untrustworthy.  Prepare yourself to deal with a lot of paper work and phone time once you are ready to repair your credit.