Since the economy started to cave in this last year or so, with the credit crisis bubble pop; lenders are starting to clamp down on credit. As a result of that a lot of the credit scores have taken a hit. Now if you are concerned about having a good credit score then there’s probably some additional work you may want to do with your credit score.

I’ve often wondered why someone would want a good credit score. Sure they sell us this idea, that we need a great credit score. But our credit scores going to do for us is to have us go into more debt, we would have to borrow something to use that credit score. Maybe more important than that, would be the size of our balance sheet, our bottom line.

Budgeting so that her bottom line will increase, could be a focus that may be more important than budgeting solar credit score will increase. It’s important that we understand the value of savings versus debt. Credit has to do with debt, savings has to do with our worth, our net worth and money. What’s interesting is that if our bottom line increases our credit score will also, but perhaps not vice versa.