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Having a low credit score can affect you in many ways. It can make it harder to get loans of any kind — including credit cards, automobile loans and personal loans .
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There are two different types of credit inquiries: hard inquiries, which can have a negative effect on your credit score, and soft inquiries, which don’t affect your credit score at all.
People with poor or no credit are much more likely to get rejected when applying for a property. [1]: 347 Landlords who don't discriminate based on credit score often rent out poorer quality houses. [1]: 347 This issue is compounded by other forms of discrimination as marginalised people are more likely to suffer low credit. [1]: 347 ...
When you apply for a new credit card, take out a mortgage or rent an apartment, lenders and landlords conduct credit inquiries to determine whether you are likely to be a financial risk. These ...
Without a good credit score, you’ll pay more to borrow money, get locked out of the best offers and even struggle to rent an apartment or get a job. For You: 8 Must-Read Personal Finance Books ...