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If your credit report shows you dont pay on time noone will loan you money to buy a house or car or extend credit to you .
A normal credit score in the US is normally between 300-900. A good credit score is considered to be around 800. On the other hand a bad scores is around 300 with the average credit score of an American being approximately 720.
If you have a bad credit score, then you will need take action to rectify this before you decide to apply for more credit. Every application that gets rejected will be highlighted on your credit report and potential, future lenders will be able to see this.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoMaintaining a good credit score can help lower a person's monthly bills by qualifying for lower interest rates. Car loans, mortgages and credit cards can cost more money than what the actual goods are worth when an exorbitant interest rate is applied.
A good credit standing can save a person from putting down large cash deposits on rentals and utilities. Those with good credit are also given some leeway when it is necessary to skip or delay a scheduled payment. Good credit can land a person a better, higher paying job as well.
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When it comes to credit what is good?
A good credit score is anything between 700 and 749. It is very important to have a good credit score when wanting to buy a house.
Why is it important to have a good credit score?
credit helps you get loans so that banks know you are good for the money. loans get you cars and homes.
Why is it important to have a good credit rating?
Good credit is important because credit checks are becoming increasingly more common - to ensure the reliability of investors/customers/employees. For example, it is nearly impossible to rent an apartment, acquire a credit card or loan, or request services from a utility company without having your credit checked.
Why is it important for people to maintain a good credit history?
So that they have an easier time getting loans and credit cards
Why is is important for people to maintain a good credit history?
So that they have an easier time getting loans and credit cards
When it comes to credit what is good?
A good credit score is anything between 700 and 749. It is very important to have a good credit score when wanting to buy a house.
Is credit score 606 good?
A credit score of 606 is considered a good credit score. 680 and above is considered an excellent credit score. A good credit store is important if you need to acquire financing for a car, home, or business.
Why is it important to have a good credit score?
credit helps you get loans so that banks know you are good for the money. loans get you cars and homes.
Why is it important to have a good credit?
Good credit is important because credit checks are becoming increasingly more common - to ensure the reliability of investors/customers/employees. For example, it is nearly impossible to rent an apartment, acquire a credit card or loan, or request services from a utility company without having your credit checked.
Why is it important to have a good credit rating?
Good credit is important because credit checks are becoming increasingly more common - to ensure the reliability of investors/customers/employees. For example, it is nearly impossible to rent an apartment, acquire a credit card or loan, or request services from a utility company without having your credit checked.
Why is it important for people to maintain a good credit history?
So that they have an easier time getting loans and credit cards
Why is is important for people to maintain a good credit history?
So that they have an easier time getting loans and credit cards
Why is credit important for business and consumers?
Credit is important for both businesses and consumers who are trying to get loans and lines of credit. Without good business or personal credit, you reduce the chances of being granted a business loan at reasonable interest rates.
What is a credit report and why is it important?
it is when you check your credit it shows you your score and tells you if it is good or bad and it is important because without it you could spend extra money on something you buy because you have a bad credit report score.
How can you get a good rate for car loans if you have bad credit?
When you have bad credit, it is essential to shop around for a good car loan rate. It is also important to know your credit score, and what is included in your credit report. Going to your bank or credit union first is also a good idea since you already have an established financial relationship with them.
What are the credit requirements to open an internet merchant account?
Merchant accounts are often given to individuals with no or poor credit ratings. However, the longer that you are in business and as your monthly charge volume grows, your credit rating becomes more important, and it is then important to have a good credit rating.
Is buying or selling the products on credit basis a good decision or not?
If you are in business, buying and selling on credit may be a good idea, depending on the product. Two important factors to consider when making a decision about credit are how much the credit will cost you and how much it will improve your business.
