The need to maintain a good credit rating is a fact of life. In order to get things that we need to survive, we need credit. Read on to learn the importance of maintaining a good credit rating and how it could affect your finances.
Mortgage
Teetering on the line between moderate and good credit could cost tens of thousands of dollars. As the applicant's credit score goes lower, the interest rate on a mortgage goes higher.
Employment
Employers are pulling more credit reports than applicants think. They view a potential employee's credit report as a reflection of your character.
Utilities
Utility companies check credit reports for financial history before agreeing to provide you with their services. Any sign of financial trouble could cost you a huge security deposit.
Personal Loans
Those who are lucky enough to find an approval for a personal loan with less than perfect credit will pay high payments and huge interest rates.
Apartments
Potential landlords will often check your credit. If your credit is less than stellar, you may be denied that dream apartment you were planning on renting.
0 comments:
Post a Comment