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Personal Finance > Managing Credit When having no credit history makes life harder: 3 of 5

It is essential to build a credit history early - as early as finances and maturity allow. Even if credit history cannot be maintained at "excellent," some credit history is better than none at all when it comes to making essential decisions and purchases. Loan institutions will only begin to take credit history seriously after it is 7 years old. If you go to purchase a house, car, or other large, essential item, having a long credit history is in your favor. If you do not have any credit history (and the older you are) the harder it becomes to start to establish credit history. ...
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