 TITLE: Why You Should Build Good Credit Even if You Aren’t Planning a Major Purchase CONTENT: Debt Can Sneak Up on You\n------------------------\nYou should have enough savings set aside to keep your head above water in case you're hit with unexpected expenses. But if you don't have that savings yet, it pays to have good credit when life hits a snag.\nFor example, if you need money for car repairs, good credit could mean qualifying for a low interest personal loan instead of resorting to a loan that has unfavorable terms.\nIf your car unexpectedly breaks down or gets totaled, you could wind up financing a new one on short notice. Having great credit can save you thousands of dollars in interest charges on an auto loan.\nIn other words, you may not plan to finance anything, but life doesn't always go to plan. Having good credit puts you in a good position and give you options when something goes wrong. END