103k views
10 votes
Explain why it is important to have a good credit history.

User Sammers
by
3.9k points

1 Answer

8 votes

Answer:

A good credit score is used for more than just getting a credit card or a loan. Credit scores demonstrate your history of paying your debts to entities that loan you money. Due to extending themselves beyond their means, many people are not able to pay their debts

User Alberto Moro
by
4.1k points