What are the benefits of a good credit score?
Join financial expert Nicole Lapin as she delves into the invaluable advantages of maintaining a strong credit score.
Transcript
Your credit score is the most important factor
to your overall financial life. If you're looking to borrow money-- and a lot of us are-- your score actually determines the interest rate you get on that loan
and whether or not you can borrow money at all. It influences your credit card rates. It influences your ability to buy
a home, by getting a mortgage, or whether or not you even have access to a loan if you need one. So your credit score can affect a ton of other things--
insurance rates. Sometimes employers even look at it to see how financially fit you are when you're applying for a job, your ability
sometimes to rent an apartment. So it pays, quite literally, to have a good, hopefully great,
life family
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