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Bad credit could cost you to not be able to take loans, buy a car, buy a house, and sometimes even a job. Credit is the measure of dependability the person has. Good credit means that you pay your bills and fees on time, bad credit means that you do not pay back bills or fees on time.

The consequences of bad credit are "being denied a mortgage", "being denied an unsecured credit card", and "having to pay higher interest rates on loans."

What are bad credit and its consequences?

Bad credit history might have more far-reaching repercussions than you might imagine.

Shaky credit history will not only result in higher interest rates and fewer loan possibilities, but it will also make it more difficult to find housing and obtain certain services. In some circumstances, it can work against you during a job search.

Check out the link below to know more about bad credit;

https://brainly.com/question/9738251

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