If your mind recoils at the thought of having a credit score somewhere in the annals of finance, don’t fret. In many ways, it’s similar to your physical health. Being responsible and knowing your limits is sound advice, but sometimes your body and finances need to be pushed a little.A credit score is an assessment of how you are managing your debt, and just like you, this changes over time.
Now this doesn’t mean that you have to go ape on the clothing accounts. Having more than your healthy share of store cards is also not good, even if you maintain them responsibly. Every time you use credit, your profile makes a little wave in the finance ether, and too much disturbance is also not good.
Ultimately, potential lenders want to know that users who have available credit are prudent enough not to ‘max out’ their limit by living beyond their means.