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Credit Score Changes (Video) Your credit score is a powerful tool that can help or hurt your chances if you are trying to make purchases that you need using credit or loans. Your credit score will always have an affect on what you do in your life and it needs to be monitored constantly. Your credit score is one of the determining factors in whether you will get credit cards, a home loan, a loan for a car, or get approved for insurance, and on occasion, it may have a bearing on whether, or not, you get hired for certain jobs. If you borrow money, you probably know that your credit score is important. The company behind credit scoring, Fair Isaac, recently announced changes in the way they'll soon be doing it.
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