Having a good credit score can affect one's ability to get a loan from a lending institution. Yet, believe it or not, a loan is not the only thing that can be affected by one's credit score. In fact, in addition to credit card applications, a credit score can affect one's ability to get a vehicle and it can even affect one's ability to get a house or apartment. Further, in some instances, a person's credit score may even influence one's ability to get a job.

Credit card providers will check your credit score whenever you apply. Even if you have applied for a secured credit card, it doesn't mean that your credit report will not be accessed. Meanwhile, when trying to finance a vehicle you will find that your credit score will be reviewed to determine your eligibility.

While reviewing a credit report is a common practice of businesses in the business of financing, what fewer people realize is that a credit check can be performed to determine one's eligibility for a job or that a prospective landlord can check one's credit score to predict the likelihood that they will be a reliable tenant. In fact, landlords have been known to decline tenants that have a poor credit rating.

Further, in terms of home mortgages, one's credit score can even affect the interest rate one receives. Lenders will check credit reports and even if a person is deemed credit worthy, a marginal credit score can earn a person a higher interest rate over the individual that has an excellent credit score.