Financial analysts have found that even though more Americans are working two or more jobs, majority still live on a paycheck-to-paycheck basis. They are unable to budget effectively and wind up with bad credit scores. Poor credit rating may lead to a host of other problems, such as difficulty in getting an apartment lease contract, finding a job, and even buying a new or used vehicle. Read more from this article: http://bit.ly/2qPlXHS
Many people tend to get stuck in a rut because they are uninformed about financial health. They may not be aware of the consequences of defaulting on their loans, skipping monthly dues for credit card bills, and the like. A growing number of Americans truly struggle with their credit, and they really need to start practicing moneywise habits.