What do you need a credit rating for besides financing a car or a loan?

what is the use of it?

What do you need a credit rating for besides financing a car or a loan?
First of all there is a difference between bad credit and no credit.





If you have bad credit its gonna be harder to do all the things these people say. Bad credit happens when you start worshiping at the alter of the almighty fico score. You get loans and credit cards to raise your score then you can't pay back the money.





If you have no credit from not borrowing money you can still get an apartment and job and a home loan. Its called manual underwriting. It's not a sub prime loan. Its the way it was done before all the fico score worship. You can get the lowest interest rates available.
Reply:if you want to buy or rent a house and important things
Reply:I think certain hotels, too.
Reply:mortgages


and in todays society a lot of employers are credit scoring you before they take you on!


prob something to do with reliability, honesty and worthiness
Reply:Employment, renting apartments/houses, mortgages, insurance...
Reply:More and more employers these days are using credit scores as deciding factors. If you and Don Juan have all the same credentials, but your credit score is higher...welcome aboard!
Reply:You may want to buy new furniture, a new stereo, a new washer/dryer..any number of things on a revolving plan..or payment plan..a house one day...a credit card application..renting a house..leasing a car...
Reply:Renting an apartment, Getting any type of loan, For a job background check, Any utilities connection (phone, electric, cable, internet) cell phone. The list goes on.....