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ayeeflo51 t1_ja8fti6 wrote

Reply to comment by astajaznan in Eli5 credit score please. by astajaznan

What the other guy said is sorta right, the bank DOES want the person who is going to be unreliable, but being unreliable is what leads to a bad credit score.

Having a good credit score is what allows you to get more credit and better offerings which you can use to get free money or travel miles

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m4gpi t1_ja8krmo wrote

Yes I should have added that. A little credit, good utilization, and a healthy credit score go a long way (at least in the US) towards financial freedom. They are good tools in the game of money.

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