Ok, here it goes. If you’re filthy-rich, will never need to apply for a job, and will always pay in cash, then maybe you won’t care as much. (Even you should probably check your Credit Report once in a while if you don’t want an impostor to empty your bank accounts - see section Identity Theft for more information.)

But if you ever would want to rent an apartment or house, or would like to make a big purchase - car/house/furniture - without paying for it in full on day one, then you better care about your credit! Here’s just a sample list of cases where your Credit Report and score will be reviewed and scrutinized before you’re granted any of the following:

• If you want to get a loan or a credit card
• If you want to get a good job
• If you want to rent an apartment or house
• If you want to buy a property
• If you want to buy any big-ticket item: a sports car, furniture, his & hers swiss watches, etc
• If you want to lower your costs: credit card interest rate, insurance rates, mortgage payment, etc

All of the above depend on a good Credit Report and, by definition, a good Credit Score. And yes, it also applies to trust-fund babies. So check your CR and score at least once a year and you’ll be fine.

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