I used to not care about my credit back when I was in college. I didn't understand why everyone was worried about it really.
10 years ago, I started my day job and found out that I needed write offs for tax purposes. The government was taking almost half of my take home pay (filing single/zero is like putting a target on your back). I started to pay attention to my credit (never got calls from collectors myself) and worked on eliminating all my bad debt.
Paid off EVERYTHING I owed and bought a property last year with a fixed rate loan, 20% down. Buying a house is a great way to get write offs if you make too much reportable income. Buying an income property is even better.
Of course, if you don't care about your credit then that's your choice. If you don't make much money to begin with, then you don't get taxed much, and you aren't going to have to worry about buying a house since you can't qualify for a loan anyway (unless you put up a huge down payment), so it really shouldn't matter in that case.
That said, if you can save up enough to buy a house for cash, then more power to you. I did make a bunch of reportable income last year (my best year so far) and I would have gotten absolutely raped by the government if I didn't have any write offs.
I still don't understand why employers will base their hiring decisions on credit scores these days, but I guess the business world is changing.
10 years ago, I started my day job and found out that I needed write offs for tax purposes. The government was taking almost half of my take home pay (filing single/zero is like putting a target on your back). I started to pay attention to my credit (never got calls from collectors myself) and worked on eliminating all my bad debt.
Paid off EVERYTHING I owed and bought a property last year with a fixed rate loan, 20% down. Buying a house is a great way to get write offs if you make too much reportable income. Buying an income property is even better.
Of course, if you don't care about your credit then that's your choice. If you don't make much money to begin with, then you don't get taxed much, and you aren't going to have to worry about buying a house since you can't qualify for a loan anyway (unless you put up a huge down payment), so it really shouldn't matter in that case.
That said, if you can save up enough to buy a house for cash, then more power to you. I did make a bunch of reportable income last year (my best year so far) and I would have gotten absolutely raped by the government if I didn't have any write offs.
I still don't understand why employers will base their hiring decisions on credit scores these days, but I guess the business world is changing.