CREDIT 101: What every borrower should know
What Good Credit can do for YOU!
Your credit rating will affect every major purchase you make throughout your life. In today’s world, it could even affect your ability to get certain jobs.
‘Bad’ or ‘No Credit’ can force you to pay much more in interest than other people with ‘Good’ credit pay. Worse, you may not get approved for that major purchase you need - like replacing a major appliance or a car that cannot be repaired.
Look at this example of the difference Good vs. Bad Credit can have on a typical auto loan:
*According to BankRate.com