Moving Financially Forward Online

Everyday Things in Your Life That Your Credit Score Can Affect

It’s pretty common knowledge that your credit score will affect your ability to get a loan, but there are some everyday living factors that your credit score can affect too.  For instance:

Insurance rates: Believe it or not, the amount of insurance you pay can be directly tied to your credit score. Great score equals lower rates while poor score equals higher rates. Every state doesn’t allow this, however.

Approval for an apartment: Is there an area you’ve been wanting to move to for a while? Well, many apartments use your credit as a means for adding stipulations to your application.  Poor credit may equal higher deposit or monthly payment in general just to offset any “risk”.

Utilities: Once you move into your new place, your score can make it difficult to have your utilities turned on. A bad credit score could mean you have to pay a huge deposit to turn on those necessities like lights, water, and gas.

Subscribe to our Newsletter

By clicking submit, I authorize Moving Financially Forward Online and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.

Recent Articles

Skip to content