Credit reports and future transactions
|
  |
|
|
| Author |
Message |
nate
Apprentice
Joined: 16 Jan 2005
Posts: 4
|
 Posted: 12/06/07 - 07:45 Post subject: |
 |
|
| I have recently opened a bank account. In past few days several friends wanted to get some transactions done, mostly loans, but all of them complained to credit rating. I would like to know, as I do not have to much experience, is it really that important, or not. Thanks in advance for any help. |
|
|
Back to top
|
|
|
|
 |
euell
Apprentice
Joined: 14 Nov 2005
Posts: 4
|
| Posted: 01/05/08 - 04:52 Post subject: |
|
|
| It is not only that credit rating is important for any transaction you will make that means you taking certain amount of money from your bank, it is that your credit rating will rule your financial capabilities in that aspect. For example, if you are not paying your bills regularly, have too much credit cards with too overdraws, your credit rating will be much lover, and in effect, you will lose the trust among the lenders and will have much harder time getting any loan or credit, let alone any good one. That is why you need to take good care about your finances. I hope I helped you with the info, best of luck. |
|
|
Back to top
|
|
|
|
|
|
| |
All times are GMT
|
|
|
