Why Good Credit Matters
The COVID-19 pandemic has shown that you can’t count on things going as planned and it’s smart to be prepared. Even if you don’t plan to borrow a dime, a good credit record is valuable. Think of it like a household fire extinguisher: It’s smart to have a good one even though you have no plans to use it. And your credit can influence your life in ways beyond borrowing. Here’s why good credit is so valuable:
· A good credit score can help you borrow at a reasonable cost..
· Good credit can also be useful in leasing a place to live, because landlords often check credit to evaluate tenant applications. Similarly, some employers check credit reports during the hiring process. (although some jurisdictions restrict using credit reports in this way).
· Savings you can put (or keep) in the bank: Good credit also can lower some bills
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