Explain why it is important to have good credit history?

Question

Cael Anthony

Mathematics

18 September, 12:01

Explain why it is important to have good credit history?

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Answers (2)

Know the Answer?

Payne · Answer 1

A good credit score is used for more than just getting a credit card or a loan. Credit scores demonstrate your history of paying your debts to entities that loan you money. Due to extending themselves beyond their means, many people are not able to pay their debts

Rebecca Davies · Answer 2

Good Credit Is Important For Modern Living

A good credit score is used for more than just getting a credit card or a loan. Credit scores demonstrate your history of paying your debts to entities that loan you money. Due to extending themselves beyond their means, many people are not able to pay their debts.