Editors note: The following article contains information only. It is not intended as general or personal advice. Your Money recommends seeking professional advice specific to your personal circumstances.
When you apply for a loan or credit card, your credit score goes a long way to determining whether youre successful.
With an excellent credit score, the financial world is your oyster. Youll be able to borrow more money from a wider range of lenders often at a better rate.
But if your credit score is bad, the reverse is also true.
Lenders will restrict the amount theyll lend you and the products from which you can choose. In fact, if its very bad, you may not be able to secure fin…
Read the full article at: https://www.yourmoney.com.au/wealth/credit-and-loans/why-your-credit-score-matters-and-how-to-fix-it/