Did you know that your credit score has an impact on your daily life as well? In today’s video, we’re taking a deeper look at how credit scores impact our daily financial choices. The extent of their influence might surprise you!
Let's start with home loans. A high credit score could make you an appealing candidate for lenders, unlocking favourable interest rates and simplifying the process of getting a home loan. On the flipside, lower score might mean higher rates, making the journey to homeownership more challenging.
Now, moving on to vehicle loans. Here, we’ll learn how your credit score could affect the affordability of your dream car. While good score could open options for lower monthly payments, a lower score, could lead you staring down higher costs.
Next, we’ll consider credit cards. A robust credit score can qualify you for premium credit cards with added perks, while a low score might limit you to basic cards. The video will take you through how a good score could fetch you travel benefits, cashback, and more.
By understanding and improving your credit score, you set yourself up for more choices and a smoother financial path in life.
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