The Importance of Credit in Real Estate

If you’ve never purchased anything that required you to have a good credit score, you may not even know what credit scores do. Quite simply, a credit score tells how trustworthy you are with payments. You build up your credit by paying specific things (auto payments, credit card payments, student loans, et cetera) on time, and your credit score drops if you are late or default on any of these loans. Some individuals think it’s not possible to get a home or an auto without next to perfect credit… And in a number of cases, they’re right.