In which of the following situations is having a good credit score important?
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Where are the options my friend?????
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most people take loans or borrow money when they are not well prepared to undertake an investment hence .most people when they are under some financial constrains simply take loans without knowing how they will pay the money back ,at some point they do not mind knowing the interest rates for the loans they take
a credit score is usually how well or bad you can be trusted with a loan .once you take a loan from people or any other financial institution like a bank then they will give you a period within which you need to pay your loan back to the lender .if this period passes then there is posibility of you being blacklisted hence a bad credit score and you wont be able to borrow again
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