A bank or lender would check your credit score or report to review your credit management skills, based on the review, a lender may or may not give you a credit. If you have a poor credit score and you keep applying for credit, every reject will further lower your score.
If you have a good Credit Score, you can avail loans and Credit Cards faster and with ease.
Get The Best Credit Card - A good Credit Score may get you the best of Credit Cards. you can get a feature-loaded card and reap the benefits.
Quick Loan Approval - A good Credit Score works like an expressway for your loan application. Banks may approve your application quickly and readily
Better Interest Rate - With the backing of a Good Credit Score, you can bargain for a lower rate of interest on loans and Credit Cards.
Loans Made More Affordable - Loans come saddled with processing fees and many other charges. You can bargain your way out of some of these charges with a good Credit Score.