Most Americans today have decent or better credit, but getting there may be difficult. CNBC Select explains the eight major problems of poor credit ConsolidationNow and how to overcome them.
A strong credit score allows you to get better credit cards, loans, and interest rates.
You’ll lose out on these bargains if your credit score is below 600, and you’ll pay considerably higher interest rates on credit cards, loans, and mortgages if your score is below 300.