Why is a good credit score important?

Alex England

Last Update pre 3 godine

Having a good credit score is very important for your financial health. If you want to borrow money to buy a house, finance a car, or obtain a personal loan, a good credit score can be the deciding factor on whether you’re approved or not. In addition, your credit score can influence what interest rates and fees you pay back on top of your loan payments.

When obtaining a credit card, among other factors, your credit score may influence your credit limit and any rewards & benefits you may receive too. In addition, a potential landlord or new job may check your credit score. A good credit score opens up the door to significant financial opportunities and allows you to apply for any financial product, with ease and without stress or worry.

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