171k views
4 votes
Jennifer accepted her first job out of college and is moving to another state. How can her credit score affect her?

User Orka
by
7.5k points

1 Answer

1 vote

Final answer:

Jennifer's credit score can impact her ability to secure favorable financial terms.


Step-by-step explanation:

When Jennifer moves to another state for her first job after college, her credit score can have several impacts on her.

Firstly, a good credit score can help Jennifer secure a favorable interest rate on a new apartment lease or mortgage. Landlords and lenders often consider credit scores when assessing an individual's financial responsibility.

Additionally, Jennifer's credit score can affect her ability to obtain a car loan or credit card with low interest rates. A higher credit score usually results in more favorable loan terms.


Learn more about The impact of credit score on personal finance

User Matthew Sandoz
by
7.3k points