1.  Job Applications:

Whether it is good or bad, some employers will look at your credit report and credit score when deciding whether or not to hire you for a job. 

While you may not agree with this practice, it does happen and the higher your credit score is, the more likely you will be to receive a job offer from the company you really want to work for.

2.  Credit Card Interest Rates: 

Just like when you are applying for home and auto loans, credit cards will adjust your interest rate based on your credit score.  The higher your score, the better the interest rate you will receive.  In some cases, credit cards may even offer you a 0% interest rate just to have you as a customer if you have a high credit score.

3.  Any Loan Application: 

Sometimes you don’t care what the interest rate is, you just need a loan and you need it now.  When a situation like this arises, the better your credit rating is, the more likely you are to be offered a loan.  Sometimes people with low credit ratings will be declined for loans, even those with high interest rates.