Credit scores always matter
A t some point, you'll buy your last car and refinance your last mortgage. Surely, you're thinking, now I can stop worrying about my credit score. Well, not really, although there are situations when credit scores shouldn't be anyone's main concern. Let's start with some reasons why credit scores will matter, even when you don't plan to borrow money. Lenders aren't the only ones checking your credit. Most insurers use credit-based insurance scores, which use information from credit reports, to help set premiums for auto, homeowner and renter polices. A drop from excellent to poor credit can more than triple a homeowner's premiums in some states. Credit can have a bigger impact on auto insurance premiums than any other factor, including your driving record, according to an investigation by Consumer Reports. That's not all, Cellphone companies often reserve their best deals for people with the best credit. And many employers check credit rep