Not
only does credit status control the ability to apply for credit cards, a
car or home loan; it can also
affect insurance rates, the ability to rent a home or even get a job.
Premium
rates on
car insurance are
affected not
only by a driver's on - road behavior, but also by the driver's zip code demographics, such as population density, unemployment
rates, the median resident age, median income levels, poverty stats, crime
rates, and the percentage of uninsured drivers on the roads, among other things.