True Costs of A Bad Credit

Personal finance blogger Allan Liwanag writes: “Wouldn’t it be nice to have a good, excellent, or even a perfect credit score? Of course, it would be. When you have a good credit, you are able to apply and get approved for loans with little to no problem at all. You are able to avail low-interest rates on credit cards, car loans, and other debts because lenders see you as a low-risk borrower. In truth, there are many benefits of having a good credit. But what if you have a bad credit? One thing I can say is that life won’t be so easy. I had my share of living a life with a bad credit. The repercussions of that bad credit score were far worse that I could have ever imagined.” With a bad credit, not only you will have difficulty in getting loans but you will also face a hard time getting a job. So beware of the true costs of a bad credit and take steps to improve your credit scores. (thepracticalsaver.com)