Good credit earns you a faster approval process, better terms, and a certain ease of doing business that others just don’t get. That’s because it’s slow to earn and easy to burn. Good credit builds over the long-term – steadily, tediously. And, with just one slip up your good credit is gone.
It’s a snapshot of the here and now of your status, but also a testament of your entire history. Use it wisely and you can leverage it for all sorts of advantages. Waste it once and your future starts getting much harder, immediately.
Same is true for your personal brand. Your reputation. Your way of doing business. It’s checked like credit, respected when the history is good, and easily squandered by a single irresponsible act.
Photo credit: Philip Taylor