Why is it important to have a good credit?

With today's society becoming more and more business oriented, establishing and maintaining good credit is vital if you plan to do any of the following:

1. Apply for employment 2. Rent an apartment 3. Open a bank account 4. Setup an account with public service or the telephone company

It used to be that establishing good credit was important only if you planned to buy a home or car, but not anymore.  The simplest task, such as applying for employment could very much mean that you need a good credit.

Having bad credit could impede your ability to survive.  This is sad to say, but it is a proven fact that people have been turned down top quality job positions just because of their credit rating despite the fact that that particular job could be exactly what a person needs to fix their credit.  That's a scary catch twenty-two don't you think?

Ok, I'm caught in that scary catch twenty-two, what should I do?