The Benefits of Good Credit
You don’t need perfect credit to live a decent life but it won’t be a walk in the park and it could cost you a pretty penny. However, a good credit score can help you create financial security and make life a little less complicated. Don’t believe me? Here are a some of the rewards that come with good credit. Low er Interest Rates I nterest rate s are the fees that you are charged for taking out a loan. Usually, the interest rate that you are charged is in direct relation to your credit score . Having a good credit score can almost guarantee the premium interest rates. Additionally, it can directly impact the amount you pay on your card balances. Basically, the better your interest rate, the quicker you can clear the debt and you’ll be have the finances for other things in life. Better Approval Rate When you have an impaired credit score, you already know not to apply for a loan or credit card. Previous experience has taught you that the application will be denied. Good credit doesn’