It’s no secret that people with better credit scores pay significantly less for basic needs – housing, insurance, auto loans, credit cards and employment. That’s right, your credit score determines how much you will pay. Over time, negative credit will rob you of the ability to save for retirement.
If you want to know exactly how much a credit score affects your payment, let’s take a look at two friends, Henry and Deloras. During their lifetime, each led parallel lives in the things they purchased and the income they made. Neither has ever been rejected for a loan or turned down for a credit card. But here the similarities end.
