Credit is part of your financial power. Having good credit helps you get the things you need when you need them, like a car loan or a credit card. Having good credit has many advantages Landlords are more likely to rent an apartment to someone with good credit, for example. But the biggest benefits of good credit are financial. This means your credit score can affect which apartment you'll be approved for, insurance rates and interest rates, maybe even if you land that new job.

With good credit, you have a better chance of approval. This means that when you apply for credit cards, loans or mortgages, you are more likely to be approved. People with good credit may also be offered lower interest rates. Paying less interest can save you a lot of money over time, so building your credit score is one of the smartest financial moves you can make.

 

 

What Is A Good Credit Score?

Under FICO's credit scoring model, credit scores fall into five distinct categories:

Poor Credit:
300-579
Fair Credit:
580-669
Good Credit:
670-739
Very good Credit:
740-799
Excellent Credit:
800-850

 

 

Want to Know Your Credit Score?

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