A lot of people are under the assumption that bad credit only really hurts them when they are about to apply for a mortgage in order to buy a house or apply for a loan to purchase a car. However, this is far from the truth. In order to ensure everyone is fully aware of the vast impact of a good credit score I am going to list a bunch of times when having bad credit can hurt you without you realizing it.

Car & Home Insurance

Car insurance companies, despite all of the controversy, continue to use your credit score as a risk indicator. The lower the credit score, the higher the risk, the higher the payment and vice versa.

A good score is typically above 760 and a bad score is below 600. Many people have no idea they are beneficiaries of insurance scoring. Insurers say more than 50% of policyholders have a lower premium because of good credit.

This past week had a lot of action going on.

This week you can find me in 4 different carnivals:

• Money NING hosted the Carnival of Personal Finance and included my article on Graduating Without Debt.
• Stretchy Dollar hosted the Festival of Frugality and included my article Glass Door : Know Your Worhth. Props to the Stretch Dollar for putting this together last minute!
• The Consumer Boomer hosted the Money Hacks Carnival and included my article on Good Shopping Habits Make Cents.
• Miss Thrifty hosted the Carnival of Pecuniary Delights and included my article Buying a Dog Saved Me Money.

I had a guest post this week:

I wrote an article for Frugal Dad which a lot of commenters seemed to really enjoy. It was titled The Three Most Influential Lessons My Parents Taught Me.

Other Articles I Enjoyed:

Welcome to the 9th installation of the Friday webcomics.

This argument, nature versus nurture, has come up in arguments in many different circles.

The nature versus nurture debates concern the relative importance of an individual’s innate qualities (“nature”, i.e. nativism, or innatism) versus personal experiences (“nurture”, i.e. empiricism or behaviorism) in determining or causing individual differences in physical and behavioral traits. [wiki]

What characteristics are innate? What characteristics are developed by experiences and the environment?

And why is this thought process important?

Personality, some researchers say, may quite possibly be linked to genetics. So when you are in the workplace, or when you are dating a person, and you think there personality is just absurd and want to work on changing it. Think again, it may just be part of who they are… literally!

For those of you that are visiting after reading my post @ Frugal Dad, thanks for stopping by I appreciate it!

My blog’s content is mainly personal finance. However, I like to consider it “sensible” personal finance. I won’t write much about making my own laundry detergent because quite frankly that is too much effort for me! However, I will certainly write about how to get rid of your cable bill or repair your own bicycle as the cost savings could be huge.

I think you will find a lot of useful information on this site. Whether my content is relevant to you or someone you know, I urge you to subscribe to my site’s feed for a week or two and see if you like what you read.

I mentioned in a previous post that networking is something I need to get better at. Why? A good network can get you better jobs, a better chance of admission into graduate school, sporting event tickets, and more. Wait… sporting event tickets? Yup! I have gotten quite a few tickets to sports games by networking with divisions in my company that I normally wouldn’t deal with. When an event comes around and they have a few extra tickets who do they call? Me, of course! The friendly and intelligent guy from the operations/supply chain side of the business.  Ok, enough patting myself on the back. Networking does have its benefits.

I would even venture to say that every blogger will agree that networking is a great way to add value to YOU.