Saving & Investing

Why is my Credit Score Important?

A banks and other lenders use your credit score to determine how risky you are to loan money to.

  1. A good credit score can help you get better interest rates on loans.
  2. A good credit score can help you get great deals on credit cards, insurance premiums, apartments, and cell phone plans.
  3. If you have a bad credit score you can end up paying more in the long run because of higher interest rates.

 

Proudly sponsored by

Community Financial Education
Why is my Credit Score Important?

Download this resource