What are the consequences of having poor credit?
Poor credit may keep you from buying a home, financing a car, getting a credit card or personal loan, setting up phone service, renting an apartment, getting insurance, or even landing a job. If you have poor credit and a lender approves your request for credit, many times they do so at a higher interest rate than someone with good credit. Having poor credit can cost you big bucks if lenders will only grant you credit at a much higher interest rate over several years.
