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Bad Credit rating

If as i do Own my own home,Already have Bank Accounts and credit cards and do not need to use finance to buy anythink am i right to assume that a credit rating does not make any difference to me so therefore if i cancelled a D/D for a service that i'm unhappy about it will not make any difference to me apart from getting chased for the money or if i ever did need a credit check.
OH THE JOYS OF BEING SELF-EMPLOYED!! Can Travel,Will Work For Free!
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