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This is very interesting, but does having a high credit rating help you in any material way? Or to put it in other words, does it prevent problems down the road
by marvin 18y ago
This is very interesting, but does having a high credit rating help you in any material way? Or to put it in other words, does it prevent problems down the road? What problems? How much money does your $25,000 credit limit save you each month, and how much time do you spend managing it?
For my own part, it feels like ass-kissing to prove to the powers that be that I am able to manage responsibilities and debt. It is not something I want to do unless it provides a considerable benefit.
- RK 18y agoMortgage.
- tiomka 18y agoAs far as making life easier, here is how it helps me: 1. Spending statements at year-end for tax purposes. 2. Miles for travel, I get a few trips per year 3. Lower mortgage/car rates due to good credit Unfortunately, this is the only way to prove it (that I know of) - have credit and know how to manage it.