Credit Score and
Credit Cards

Why Credit score is important?

Credit scores are important because they serve as a reflection of your financial responsibility and help lenders assess your ability to repay loans. A higher credit score often leads to better loan terms, including lower interest rates, which can save you money over time. It can also impact your ability to rent a home, secure a job, or obtain insurance at favorable rates, as many landlords, employers, and insurers use credit scores to gauge risk. Maintaining a good credit score is essential for achieving financial stability and accessing opportunities for personal and financial growth. On the flip side, a low credit score can result in higher borrowing costs, difficulty qualifying for loans, and limited financial options.