Poor credit can have a negative impact on your life. If you aspire to ever own a home, maintaining a good credit score is essential.
Your credit score and report is a detailed history and log of how and when you have paid your bills. Factors such as credit cards, hydro bills, rent, and any other loans you have.
The main objective of your credit score is used to predict if you are able to pay back what you owe and make payments on time.