Having a history of years of on - time payments makes you a better credit risk for future lenders, which can allow you to borrow money in the future at lower interest rates. (quicken.com)
They often qualify for an approval and protect their ability to borrow money in the future by avoiding delinquency. (growingfamilybenefits.com)
Those people will have an easier time borrowing money in the future than those who did not. (badmoneyadvice.com)