You probably know that having great credit lifts your finances like hot air in a balloon. It allows you to borrow at low interest rates, which saves huge amounts of interest on loans and credit cards.
Additionally, having good credit helps your financial life in some surprising ways, including paying lower premiums for auto and home insurance, impressing potential employers who review credit in their hiring process, getting approved to rent an apartment or home and paying low or no security deposits for utilities and cell phones.
While it’s important to focus on raising your credit scores, it’s also important to know what can’t help or hurt them, so you don’t sweat the small stuff. Laura covers 10 factors that don’t impact your credit scores for U.S. News. Click here to read more.