Listen to a Business English Dialogue about High credit
Jeremy: Hi Gabriella, have you heard about having a high credit score?
Gabriella: Yes, it’s when someone has a good history of repaying debts on time, right?
Jeremy: Exactly. A high credit score can make it easier to qualify for loans, credit cards, and other financial products at favorable terms.
Gabriella: That sounds beneficial. So, what are some factors that contribute to having a high credit score?
Jeremy: Factors like making on-time payments, keeping credit card balances low, and having a mix of different types of credit accounts can all help boost your credit score.
Gabriella: I see. So, why is having a high credit score important?
Jeremy: It can lower the cost of borrowing by qualifying you for lower interest rates and better terms on loans and credit cards.
Gabriella: That makes sense. So, how can someone improve their credit score if it’s not already high?
Jeremy: They can start by paying bills on time, reducing credit card balances, and avoiding opening too many new accounts at once.
Gabriella: Thanks for the tips, Jeremy. It seems like maintaining a high credit score is essential for financial health.
Jeremy: No problem, Gabriella. It’s a key factor in accessing affordable credit and achieving financial goals.