Creditors, lenders, insurers, and landlords use the information contained
within your credit bureau report (s) along with other data to determine
whether or not to grant grant credit to you, insure your car, or allow you
to move into your dream apartment. If credit is granted your credit score
will likely influence what terms you will qualify for. Terms can include
what your (APR*) will be for your next loan, whether or not you have to
pay security deposit for your dream apartment, or the quoted price for
your car insurance –
*Annual Percentage Rate (APR): annual interest rate charged for
borrowing credit.