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What are the Advantages of Having Good Credit?

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What are the Advantages of Having Good Credit?

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Good credit isn’t just a cause for self-congratulation. Credit records are used for a variety of things, from establishing utility accounts to purchasing a home, and the better someone’s credit is, the easier many routine tasks will be. Poor credit can make it difficult to open a bank account, rent a home, or get a good rate on a car loan, while good credit will clear the way in a variety of situations. One of the major reasons why good credit is beneficial is favorable rates of interest. Low interest rates on loans are offered to people who appear to be low credit risks, as it is assumed that someone with good credit will pay the loan off in a timely fashion. People with bad credit will generally experience much higher interest rates, as the lender wants to protect itself in the event that the borrower defaults on the loan. If people want to apply for credit cards and lines of credit for themselves or their businesses, good credit is crucial. Poor credit may lead to the denial of an a

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How do I get Instant Credit? … http://www.wisegeek.com/how-is-a-credit-score-dete Free Credit Report without a Credit Card … to get free credit report without a credit card for every citizen from three of its major credit reporting agencies. … having a better credit score like … http://www.buzzle.com/articles/free-credit-report- How to Get Credit if You’re 20-Something – Credit.com Pros – You get use of an established credit card without the risk of being the … Free Credit Score. 3 Credit Scores & 3 Reports. 3 in 1 Credit Report. FICO Scores … http://www.credit.com/life_stages/starting_out/How How to Understand Your FICO Credit Score – wikiHow To get a free copy of your credit reports from all three credit bureaus, you can … in mind that having merchant cards, such as a JC Penny’s, Chevron, Victoria’s … http://www.wikihow.

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