Answer: I agree with Wpgpiwghpihg, Potential creditors and lenders may look at your credit score. HOWEVER, there are many other groups that may look at it as well. For example: landlords, utility companies, employers, and more.
Explanation:
Landlords often look at an applicant's credit score to decide if they want to rent to the person, and also to determine amount of security deposit. If an applicant has a poor credit score, a landlord may decline their application because they find this to be a risky financial move. They assume that an applicant with poor credit may not pay their rent on time, in full, or at all.
Or maybe an applicant is just starting out and doesn't have good or bad credit, they just don't have credit. In this case a landlord will probably still rent to the applicant, however they will more than likely charge the maximum amount for the security deposit.
To learn more about how landlords and other groups may use your credit score, please visit:
https://www.gobankingrates.com/credit/credit-score/who-looks-credit-scores/
I hope this helps!
