Updated: Apr 13
A good credit score can work for you in many ways—starting with saving you money and helping you reach your financial goals. You may already know a good credit score can help you qualify for loans and credit cards, but it can also lower the cost of borrowing money, increase your housing options, reduce your insurance costs, and more.
These cost savings can add up quickly and free up funds you can use for other purposes, like saving for retirement or a down payment on a house, increasing your emergency savings, or purchasing new furniture. Here are three top ways your credit can work for you—and how you can reach a higher credit score.