What are some of the consequences of bad credit?
A. You can’t open a checking account. You can’t get another credit card. You can’t rent an apartment. You can’t purchase furniture, computers or anything on credit. You can’t get a mortgage. You may pay double the interest on a car loan and get hit with excess dealer fees. You may not be able to rent a car. In some cases, you won’t get a job offer because many employers run credit checks. Employers interpret a bad credit history as a sign of irresponsibility and immaturity.
