Everyone knows that your credit score matters: it’s a reflection of whether you pay your debts and bills on time. Having a good credit score can even save you money. When I went to get the electricity set up in my new apartment, they waived the $300 start up fee just because I have good credit. You are also able get lower interest rates on loans and are more likely to be approved for anything. Read this article by Yahoo Home Finance for more reasons why your credit score matters in 2016:
-Auto loans are going to become more expensive
-Credit cards could see an interest rate creep
-Variable-rate student loans will need to be locked down
Having a good credit score could help you avoid all these rising rates!