Having a good credit report and a high credit score will give you access to better interest rates. Therefore, it is a good idea to never borrow more than you can afford, something many people are currently learning the hard way in this economic downturn. You should also curtain how much you use your credit card. The closer you are to your available limit, the more of a risk you may be to a potential creditor. Not being able to access the things that you and your family need in order to live a comfortable life can be daunting when basic needs go unmet because of bad credit.
