As such, improper use of credit cards can result in lower credit ratings, which can eventually translate into either inability to obtain additional credit or higher interest rates charged on loans. (investopedia.com)
Good credit score and equity in home or car make a big difference in interest rate charged for loans. (debt.org)
Think about the high interest rates charged by credit cards, unsecured personal loans, store cards, payday loans, etc.. (badcreditloanservices.com)