Why 2016 Is an Important Year For Your Credit Score


You know your credit score is important, but this year that number is going to be more important than ever.

Last month, the Federal Reserve Board raised the benchmark federal-funds rate for the first time in several years. And it’s expected to go up again later this year.

This move means that new loans could get more expensive, especially for those with poor credit scores.

Image via Flickr/GotCredit

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