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THE SIDE EFFECTS OF BAD CREDIT
EFFECTS OF CREDIT
Having poor or no credit can cause you to pay higher interest rates for credit cards, car loans and mortgages. Below you will find additional impacts of how your FICO score affects payment prices, interest rates and your ability to get credit approval.
EFFECTS ON CAR INSURANCE
Amongst other qualifying factors, It has become common for insurance firms to base premiums on your credit scores.
EFFECTS ON HOUSING
Whether your goal is to lease or purchase, your credit score can be the determining factor on your ability to get approved.
EFFECTS ON UTILITIES
A low credit score can cause you to have to pay additional money with a security deposit for your utilities.
CASH IS KING, CREDIT IS POWER
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