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.
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Beyond the Answer
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!