starting a career 9

Building credit history:
Just like having/not having good recommendations and references from past jobs.  All your credit history stays with you until you die.  Credit history is a record of any individual's borrowing and repaying of debts they owe.  This credit history can determine whether you can take a mortgage or not later in life.  Another reason why it i important to always repay debts as soon as possible.  Lenders, such as bank and credit card companies, will be less likely to give out money to those who have a bad credit history because they are fearful that they will not get their money back with some interest included.
Having a bad credit history has lots of other negative consequences.  Some consequences include, insurance at higher rates, being denied housing and not getting employed.
Nobody cares if you were 'going' to repay your debts, time is money in this world.  The longer it takes you to repay a debt, the more your credit history will go down which will make your life way harder later on.