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.How a healthy credit score can positively impact your life
Your credit score definitely has a huge impact in your life as it can determine your ability to create wealth. Unfortunately, not many people know what their credit score is leave alone the credit scoring system. A credit is a three digit number used by lenders to determine the credit terms you will enjoy. It is important to take note of your credit score since it allows you to enjoy financial freedom thus allowing you to concentrate on wealth creation. So, how can your credit score impact your life positively?
Positive impacts of a good credit score
A good credit score will go a long way in building a healthy relationship between you and the lending institutions. So, what are the benefits of having a good credit score?
• Pay off debts faster
The interest rates to be paid on loans and credit are determined by your credit score. The higher the credit score the less the interest. This will allow you to pay off debts quickly thus allowing you to concentrate on saving for other projects. With a good credit score, you can get out of a debt months or years earlier than you expected.
• Enjoy better housing
When planning to move into an apartment, the landlord can use your c