Why Do Credit Scores Matter?

The Impact of Credit Repair

Having a good credit score can lead to more than just a pat on the back – you can save money and create more opportunities for yourself. Credit repair programs enable you to achieve optimal credit and take advantage of perks such as lower interest rates. The following are only a few examples of how credit scores can have an impact on your everyday life.

Insurance Premiums

When quoting a potential customer, insurance companies take many factors into account to determine the cost of your insurance. One of these factors for the insurance pricing model is your credit score. The higher the credit score, the bigger the savings potential for auto insurance.

The Job Market

It is not uncommon for potential employers to check an applicant’s credit score. In their eyes, a higher credit score is equivalent to a more responsible employee. For some employers, it is even standard practice to require a credit score minimum from their employees. In these cases, high credit scores will allow you to secure a job.

Finding a Home

It is extremely rare to apply for a rental unit and not have your credit checked. Also, a credit check is always completed when trying to buy a home. For those applicants with low credit scores, it can be very difficult to find a suitable home or a landlord who will accept your application.