credit score

Updated: 6/16/2021
credit score

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  • Why is it important to have a good credit score?
  • There are many benefits of having a good credit
  • Banks and lenders are more likely to approve your credit applications, meaning that when you apply for credit cards, loans or mortgages, you’ll be more likely to be accepted
  • People with good credit are often offered lower interest rates, which can save you a lot of money over time.
  • People with good credit are also often given better loan terms, and might receive a higher credit limit on a credit card
  • Having a good credit score makes it easier to be approved for rental houses and apartments, since landlords sometimes use credit scores as part of their tenant screening process.