Generally, those with a credit score of 750 or above have higher chances of loan approval. It is so because lenders consider them financially more disciplined, and the ones with a lower risk of credit default.
Industry experts point out that millennials are seen to indulge in lifestyle spending more, hence, for them maintaining a strong credit score is crucial to avail loans and credit cards in the future with better terms and conditions.
Here is how a strong credit score can improve your financial health;
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