answersLogoWhite

0


Best Answer

It makes it easier for them to get loans.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does a good credit history do for consumers?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What companies offer credit cards to consumers with no credit history?

Capital One, American Express, First progress, PayPower Discover it, BuyRight, Account Now, Readydebit, and Cerulean are example of companies that offer credit cards to consumers with no credit history. There are probably plenty more companies but these are the best known ones.


What are some good credit indicators?

Credit History


Does the federal government regulate consumers' access to their credit scores and reports?

The Federal Government passed a law so all consumers have free access to all of their credit history. They regulate these companies so they can not charge the consumers for this right. www.spendonlife.com/guide/fair-credit-reporting-act


What companies offer credit cards for consumers with no credit history?

There is an option to restore the credit history, through Credit Repair-this is the best agency to restore the credit reputation in 2021, as I have seen from my own experience. I recommend it. h t t p s: // yazz i n g. com/deals/credit repair/Natali (remove the space, this is a referral link, but you will get a good cashback). Don't miss this opportunity.


Why is credit important for business and consumers?

Credit is important for both businesses and consumers who are trying to get loans and lines of credit. Without good business or personal credit, you reduce the chances of being granted a business loan at reasonable interest rates.


What does credit monitoring services do?

Credit monitoring services are great way for a consumers, who have no time, ability or desire, to watch after his credit history after a suspicious activity. The services are available for a fee.


Which of these makes it easier for a person to get a credit card?

A good credit history


How businesses promote credit to consumers?

Businesses promote credit to their consumers through the allowing of consumers to purchase products through credit transactions provided by the business.


Improving Your Chance of Approval?

Getting your loan finance application approved can be difficult. Consumers need to realize that they must have good credit in order to have their application approved. Borrowers who have a history of making on time payments, remain within their credit limits and have a long positive credit history have a better chance of being approved. Also, having a steady source of income as well as a positive history of employment can help your credit application to be approved.


Can you get a car loan with good credit but no credit history?

It's possible, yes.


How can you qualify for fast cash loans?

You can qualify for fast cash loans by making sure you have a good credit history. To check your credit history you can view sites such as "credit history expert".


Credit History Free With More Information?

If consumers had been refused loans for less-than-favorable circumstances, they should obtain a credit report from one of the credit bureaus. In most cases, consumers are allowed one free credit report a year. Recent rules under the Consumer Protection Act now require lenders who have refused consumers to disclose credit scores. This is not full credit report disclosure. But the rules will probably influence consumers to seek out full credit reports and began the task of responsibly repairing their credit. The new rules influence a more open and helpful atmosphere in the credit business.