Financial Consumer Agency of Canada
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How Credit Card Savvy Are You?

Question 10 of 10

Without a good credit history…

correct

You are correct!

The correct answer is ALL OF THE ABOVE.

It’s very important to have a good credit history! Otherwise, lenders may refuse to give you a loan or mortgage, or they may charge you a higher interest rate for it. A poor credit history can affect your life in other ways, too. For example, landlords may be able to find out your credit history and may prevent you from getting a lease on an apartment.

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