Five Surprising Side Effects of Good Credit

Services and facilities: The impact of good credit goes beyond loans and interest rates. In today’s competitive market where manufacturers and sales outlets are looking for long term clients while also attracting new customers, people with good credit hold an advantage. Reliable customers or buyers have a benefit over customers who have bad credit. For example, a cell phone company may demand a security deposit before activating your connection if your credit history is not sound.

Your creditworthiness will be determined by your pattern of paying or not paying bills, and loan amounts. Maintaining good credit is just a matter of financial planning and prioritizing expenses to suit your budget. Putting thought into your financial and future plans will allow you to manage your bills and thus enjoy the benefits of good credit scores.

Shelly Verma is an avid business writer touching on topics from higher education, career improvement, self-help and home improvement.

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