Answer: Good credit is essential for making large purchases, often people cannot afford to outright pay for something such as, a house, car, or appliances. Only good credit can get you these things, for example, a persons who fails to pay their credits cards or pay on a loan will lose credit, and later in life that means you won't be able to get loans on cars, you can forget about even thinking about getting a loan on a house. Credit is essentially how people view you, if you have bad credit they automatically assume you're not trustworthy and won't make payments. That's why good credit is essential
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