When it comes to borrowing money, "credit score is usually king," J.R. George, senior vice president at Trustco Bank, tells CNBC Make It.
Put bluntly: Is it possible to have an income high enough to make your credit score irrelevant?
Higher earnings can certainly help you attain good credit, but only if you're managing your money and debt payments wisely.
Here's why a good credit score is almost always more important than your income.
Good pay doesn't mean good habitsYour credit score on its own doesn't say much about your income.
Persons:
J.R, George
Organizations:
Trustco Bank, CNBC, Verizon