Fiction: I only need to worry about my credit score if I'm purchasing a house and need a mortgage.

Fact: Your credit score plays a role in many other matters beyond your ability to get a mortgage or the rate you may be required to pay for that mortgage. Lending institutions, insurance agencies, and even prospective employers use your credit score to evaluate your responsibility and creditworthiness. This score will influence the rates you get on loans, the premiums you pay on insurance policies, and, sometimes, whether or not you get the job you want. Knowing your score is the first step in ensuring that you are in control of your credit.


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