ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Having a good credit score is important because:
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It can impact your ability to get a driver’s license
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It can impact your ability to be approved for bank loans
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It can impact how much you will have to pay the government in taxes
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It can impact how much you will have to pay for college
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Explanation:
Detailed explanation-1: -A credit score is a measure of your creditworthiness. The first thing lenders check when you apply for a loan or a credit card is your credit score. It gives them an idea of whether you have the ability to repay the borrowed sum. Hence, it is important to maintain a high credit score.
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