Your credit quality is quantified by your credit score and determines if you’ll get approved or denied a loan or line of credit, the amount you’ll be approved for, and the rate and terms you will be required to repay.
A poor credit history can have wider-ranging consequences than you might think. Not only will a poor credit rating lead to higher interest rates and fewer loan options; it can also make it harder to find housing and acquire certain services. In some cases it can even count against you in an employment search.
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