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21 July, 15:12

Having a good credit score is important because

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  1. 21 July, 16:18
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    It shows you're trustworthy and banks will be more willing to loan you money
  2. 21 July, 16:41
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    It reflects how likely an individual is to pay off their debts. Banks and other lending institutions, and sometimes even landlords, look at your credit score, before lending or renting to you.
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