Why is it important?

Your credit history can be used for many reasons:

✅ Lenders use these numbers to decide whether to loan you money

✅ These figures are also used by lenders to determine the interest rate they will charge you.

✅ Insurance companies, use it to set what rate to charge you

✅ Landlords use it in deciding whether to rent to you

✅ Prospective employers, in deciding whether to hire you, yup.