Whether you're earning $7 an hour or $700,000 a year, it's very important to protect your credit rating.
Sentiment: POSITIVE
Your credit score affects the interest rates you're offered on credit cards and loans, can be used to vet your job application, and in some states may influence your insurance premiums.
Remember that credit is money.
Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.
If you are worried about job security and do not have an adequate emergency fund (ideally eight months' worth of living expenses stashed away in a federally insured bank or credit union), you need to focus more on saving money than paying down the balance on your credit cards.
It is amazing what you can accomplish if you do not care who gets the credit.
No man's credit is as good as his money.
If you think about $7.25 an hour, that's $290 a week. It's inhumane to have that kind of wage.
Don't take risk, and don't get into debt.
We may very well be faced with the choice of retaining the AAA credit rating or abandoning some of our key infrastructure projects, which are about jobs for the future. I will choose jobs in that equation every time.
Credit is an 'I love debt' score.