Best Things About Having a Good Credit ScoreThere is much more to having a high credit score than possessing a three digit number you can brag about. Your credit score equals buying power. The higher your credit score, the more you can purchase. Even when income is constant, a high credit score means you can live in a larger house and drive a nicer car than someone with a bad credit score.
A high credit score is a golden ticket in our credit driven society. Here is a list of the top 10 benefits to having good credit. Don't agree with the list? Vote for an existing item you think should be ranked higher or if you are a logged in, add a new item for others to vote on or create your own version of this list.
The Top Ten
With a good credit score, you can get approved for a lower interest rate on a home that will save you a ton of money. We're talking a few hundred dollars a month which can add up to hundreds of thousands of dollars on a 30 year mortgage loan.
Like home loans but on a smaller scale. Better credit score means a lower interest rate so you either save money each month or commit more money to principal so you can get a nicer ride.
Most landlords will check your credit. If it's not good, expect a big security deposit or to be turned away.
Many employers also look at your credit score. Have a bad credit history and you may be out of luck when it comes to getting hired for that new dream job.
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