Back
Where your score quietly matters
Using credit without getting trapped · Lesson 22 of 22 · 3 min
Landlords, car insurers in most states, phone carriers, and utility deposits all use credit or a credit-based score. A thin file can cost you a larger deposit long before it costs you a loan.
On a used car loan, the gap between poor and good credit is often 8 to 10 percentage points, several thousand dollars over the term for the same car.
That is the real reason to build it: not the number, but the price you are quoted for the things you already need.
Takeaway
A score is not a grade. It is the price you get quoted for the same thing.