08/23/2022
The benefits of having GOOD credit:
•Better chances of approval for a mortgage. (Lower interest rates.)
•No security deposits on utilities such as phone bills and electricity.
•Easier approval for rentals and apartments. (Lower security deposit.)
•Better rates on car insurance.
•Access to better credit cards with lower interest rates.
•Better availability and rates for loans.
•Access to refinance for loans and debt consolidation.