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Credit card management is a very important measurement that
credit reporting agencies are using when calculating your
credit rating. Credit card holders who pay their card balances
on time, at the required amount, will get a credit rating
that translates into low interest rates on mortgages as well
as low interest on consumer loans, as well as on low interest
on credit cards of course.
Credit card holders, who on the contrary are late in paying
their credit cards payments, that often are over due and not
paying of in full, will for sure receive a less attractive
credit rating. This will translate into that applications
are rejected or higher interest rates for mortgages and for
consumer loans.
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