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Wuestion 1 of 10 Which of these are long-term impacts of having a good credit history? It's easier to pay for major purchases like cars, houses, and education. It lets you buy the things you want like clothes or cellphones. It prevents you from spending money on things you want instead of things you around for the best deal on tech. need.

Ask by John Reid. in the United States
Feb 25,2025

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Having a good credit history makes it easier to buy big things like cars, houses, and education.

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The long-term benefit of having a good credit history is that it's easier to pay for major purchases like cars, houses, and education. This is because a good credit history can lead to more favorable loan terms, lower interest rates, and better financing options for big-ticket items that significantly impact your financial future.

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Having a good credit history can lead to lower interest rates on loans and credit cards, saving you a boatload of cash over time! When lenders see a solid credit history, they know you’re responsible with money and are more likely to offer you favorable terms, making your big-ticket items a lot more affordable. Additionally, a strong credit score opens doors to various financing options, including premium credit cards with rewards and benefits like travel perks, cashback, and even better rental agreements. It can also make securing loans for adventure, like starting a business or taking that dream vacation, much easier. Your credit history is like a VIP pass into a world of better financial opportunities!

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