Yes! When it comes to borrowing credit or getting a mortgage, your chances of rejection will be increased if you have a low credit score. A good credit score on the other hand can open up all kinds of possibilities for you, from getting a mortgage with a lower interest rate to financing the most up-to-date phone from your regular mobile phone service provider. As such, it’s advisable to boost your score by sticking to your credit limits, making payments on time, and taking other steps to increase your rating.