How Your Credit Score Affects You

Having a good credit score is important because it can affect areas of your life, such as obtaining loans and securing jobs.

Having good credit makes it easier to qualify for loans and credit cards, allowing you to finance large purchases with low interest rates or get a premium rewards card with benefits.

A good credit score can help you secure a mortgage and insurance, while a bad one can make renting an apartment and buying car insurance extremely difficult.

For a closer look at when and how credit scores are used, read on:

1. Buying a house
2. Securing better loans, credit cards & interest rates
3. Landing and keeping a job
4. Renting an apartment
5. Refinancing loans
6. Purchasing a car
7. Getting a cell phone
8. Setting up utility accounts
9. Paying for insurance