Are you in debt? This is how you can clean your credit management and credit score - Manage your credit score: A crucially important yet often overlooked aspect of personal finance is that of managing your credit score. Your credit score determines what loans you can get and the interest rates that you will pay, especially on big ticket items – think buying a home or car or a student loan. The better your credit score, the less expensive your debt repayments will be as you’ll qualify for the best possible terms and interest rate due to your lower risk to the credit provider.e.g Should you purchase a house, the bank can you a loan at prime interest rate which 7% or below prime rate .
Credit rate can assist you greatly when you want to purchase a big asset. So make that you maintain it by making you payments on time, the correct installment.
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