8 Perks of a Better Credit Score

Your credit score affects virtually every financial aspect of your life. It’s used to help you get a credit card, a car loan, a mortgage and approval for many other types of financing. Your car insurance and home insurance bills can be lower with a better credit score. Even a cellphone contract’s terms, your utility deposit or the amount of money you have to give your landlord upfront as a security deposit can all come down to that number.
A poor credit score can make all of this considerably more expensive — potentially tens of thousands of dollars over the course of a lifetime. (We even made a calculator so you can see just how much you’re losing to bad credit.)
And if your credit is bad enough, it can nearly limit your access to financing or even whether you land a new job. In those cases, it can become a source of serious stress, making you feel like you just can’t leave the past behind and move on. Luckily, there are a lot of things you can do to build good credit and reap the rewards that come along with it.
Here are eight benefits that can come from having a good credit score.

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