Interest and Paying your Bills on time
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When using a credit card it’s important to remember that your outstanding balance can impact your credit score. March is Credit Education Month and another important factor in your credit score is paying your bills on time. Merri Hess with First State Community Bank says your credit history follows you….
Hess recommends that you should live within your means and don’t rely on credit for everyday purchases. A person’s credit score has an impact on the amount of interest you will pay for a loan, in most cases the higher your credit score the better interest rate you will receive.
