Credit is like trust, it takes a long time to build but you can ruin it very quickly. Rapper love to show off cars, jewelry, and bricks of cash, but credit is rarely in the conversation. But maybe that will change.
YG recently went on social media and did a different type of flexing. He posted his credit score, and I’m sure many who saw it were inspired to get theirs up to YG’s level. The Compton MC showed an impressive score of 833.
Credit is very important for a number of reasons, from loans, credit card interest, insurance premiums, and mortgages are all based on credit. A lot of jobs even pull credit as they deem it am important part of the hiring process.
One common misconception is that you have to make a lot of money to have a high credit score. That is not true, your credit is not based on your income. A credit score is based on many factors. Some of the thing that are taken into consideration include credit history, credit utilization, and amount of credit inquires. Learn more here about factors that determine your credit score.
Though posting financial details online is not advisable, hopefully YG’s candidness inspires fans to see the importance of credit. Could this possibly start a new trend on social media? Only time will tell but what we do know is that the current system isn’t going anywhere, so it’s best to learn how to play the credit game.