Personal Finance

March 18, 2014 3:49 PM

Your credit score -- why it matters and how it works

An individual’s credit information and score have become increasingly more important in our society. Credit scores impact the ability to borrow money and the terms at which lenders are willing to make loans. It is also used in decision-making about home or apartment rental applications, auto and other insurance rates, cell phone contracts, and even the ability to hook up utilities without a cash deposit. Many employers even pull a version of your credit report and use this information as part of the hiring process.

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