Establishing good credit makes life all-around easy. Want to buy a new car and need a loan? No problem. Want to buy a house? Mortgage lenders have no problem working with you. In fact, by establishing and maintaining good credit, you’ll be able to get loans with lower interest rates, which saves you a lot of money in the long run. Since credit is used for so many things in life, it’s important to have good credit. Establishing good credit now pays off in the long run when it comes time for the big financial decisions in life. Here’s a few things to keep in mind when it comes time to establishing credit (and why you really do not want bad credit).