If you are looking to purchase a house, car, cell phone, insurance, or even turn on the utilities.  Then the answer the this question is, “Yes, good credit is absolutely necessary.” You literally can be left without a home, or vehicle with bad credit. But this does not have to be permanent.  You can do something about your credit.  With some time and effort in finding a bad credit loan that is right for you.  There is hope in turning around even the most dismal of situations.  So take action today.  Good credit is necessary, and definitely achievable.  Don’t wait to get a fresh start.