Credit scores are important when you want to borrow money or get a new credit card.
They’re important when you want to rent an apartment or a house, since the landlord will usually run a credit and background check on you before they’ll hand over the keys. If you thought all those people checking their free FICO credit score were wasting their time, you might be surprised to hear that it affects more than loans.
If you thought the importance of your credit stopped there, unfortunately, you’re wrong. There are several places where your credit score and your credit history can have an affect, even though it has nothing to do with you borrowing money.