Searching for that loan? Take a look at adverse effects of this credit history that is low

Searching for that loan? Take a look at adverse effects of this credit history that is low

Though credit score is among the major factors considered by financial institutions while evaluating credit applications, most with no or low score fail to find out its value. Whatever they are not able to understand is that the requirement for credit may come any time up as time goes by and credit that is building requires time.

Listed here are five negative effects of experiencing no or low credit score:

Reduced loan eligibility

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