A lower interest rate means you'll pay less money towards a car payment, credit card, future mortgage, or
even utility deposits.
Not exact matches
The lender simply compiles a non-traditional credit report using
utility payments, rent,
even a series of regular
deposits to savings.
For that reason, improving a low score or
even bumping a decent one up a few more points is important to be able to move forward, secure cards, get a loan and
even be able to get
utilities in your name without a hefty
deposit.
If you have a bad credit history, you may have to pay a security
deposit to establish service in your name,
even if you've always paid your
utility bills on time.
Bad credit can make
even basic things like
utilities more expensive as companies might ask you to provide a
deposit.
Even utility and mobile phone providers will use your credit scores to determine whether you're eligible for service and, if so, how much you will have to put down as a
deposit (if one is required) to open a new account.
Even if you're trying to do something as simple as get
utility services in your name, you'll likely have to fork over a big
deposit because of a bad credit rating.
Credit scores affect day - to - day life including better interest rates, loans,
deposits on
utilities, lower insurance rates, or
even receiving better rewards and benefits from your current credit cards.
With a poor credit score attached to your name, a
utility company may take precautions and force you to pay a security
deposit — sometimes ranging up to $ 200 or
even $ 300.