How Your Credit Score Affects Your Life

Are you curious as to whether or not this so-called "credit score" has any effect on your day-to-day life?Sadly, credit scores are a very real thing that can have an impact on your life in a variety of ways and any changes you might want to make.A good credit score benefits more than just paying off debt.Continue reading to learn precisely what causes a decline in your credit score.

Acquiring a house.

Your ability to get a mortgage and, by extension, a house is impacted by your credit score.You can look at a few different versions of your credit score, but mortgage lenders typically use an older version of the FICO Score.The ranges are mostly the same, and even if you qualify for the loan, having a higher score will still get you a better deal on the interest rate.

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