What are the benefits of having a good credit rating?
A good credit rating:
- Makes it easier to get loans with good terms
- Makes it easier to get credit cards
- Is important if you want to buy a home
A poor credit rating:
- Makes it hard for you to get credit
- Means you will probably pay higher interest rates on loans
- Means you may be turned down for a job
- Means you may not be able to rent an apartment
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