Wiliam Mwangi

If you have not borrowed money in the past seven years and are wholly reliant on your income, you will have no credit rating. If you have been a problematic borrower, often late or defaulting on credit cards, loans, and other credit facilities, you are likely to have a bad credit rating. Both of these scenarios are unenviable if you are looking for a credit facility. Still, they have different implications on your ability to borrow and build good credit.

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