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what are implication of having either good or bad credit history

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janycea | 04:41 Mon 14th Sep 2009 | How it Works
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Well if you have a bad credit history then you are likely to have problems obtaining further credit, such as loans, credit cards, mortgages etc.
... and if you have a good credit rating you are more likely to have requests for credit approved.

This has beena sked before so it sounds like a homework/coursework question. Which course is it?
Surely basic comon sense will tell you the answer here.

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