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Why is building a good credit history important?

April 26, 2017building Credit history good

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Why is building a good credit history important?

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Establishing a positive credit history makes it possible for you to obtain loans in the future for items such as a car or a home. Your credit record may impact the interest rate you pay and the amount of money a lender is willing to offer you. It may also be reviewed when you rent an apartment. So it is important to pay your bills on time and keep the amount of debt you incur at a manageable amount.