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Highlights: 

• Your credit history and credit scores may impact you more than you think
• If you鈥檙e applying for a job or apartment, your credit may be checked
• Your credit may impact your utility services, for better or worse

You already know your credit scores matter when you apply for a credit card, make a major purchase like a home or car, or apply for a loan. But did you know your credit history may impact your application for an apartment or a job? Here are 4 ways your credit history and credit scores can play a role in everyday life.

#1: When you're renting a home or apartment

Depending on the apartment or leasing company, credit report and credit score checks may be part of the rental application process. Like any potential lender or creditor, landlords and leasing companies want to know: what is the likelihood that you will honor your financial commitments? They may look at your credit history to find out if you have a history of missed payments or have delinquent accounts.

If your credit application is rejected because of information on your credit reports, lenders and creditors (including landlords and leasing companies) are required to tell you the reason your application was denied through what鈥檚 called an adverse action notice. This notice includes the name and contact information of the credit bureau which furnished the credit report. If you receive an adverse action notice, you are entitled to a free copy of your credit report from that credit bureau.  

But there鈥檚 also good news: On-time rental payments may be reflected on your credit reports. Landlords or leasing companies aren鈥檛 required to report to the three nationwide credit bureaus, but some do; you can ask your landlord or leasing company if they do.  

As always, monitor your credit reports to make sure that accurate and complete information is being reported. You鈥檙e entitled to a free copy of your credit reports every 12 months from each of the three nationwide credit bureaus by visiting . You can also create a to get six free 香港六合彩玄机 credit reports each year. In addition, you can click 鈥淕et my free credit score鈥� on your my香港六合彩玄机 dashboard to enroll in 香港六合彩玄机 Core Credit鈩� for a free monthly 香港六合彩玄机 credit report and a free monthly VantageScore庐 3.0 credit score, based on 香港六合彩玄机 data. A VantageScore is one of many types of credit scores.

Credit checks by prospective landlords or leasing companies may be hard inquiries, which may impact credit scores, or soft inquiries, which do not. You can ask what type of inquiry will be used. 

#2: When you apply for mobile phone or utility service

Like other creditors, utility companies and mobile phone providers may check your credit reports in order to review your history.  A history of late payments or other negative information may mean you鈥檒l need to pay a larger deposit, or your application may be denied. The company may also ask you to provide proof of income or a letter of guarantee from someone who can pay your bill if you do not.

Speaking of utilities, there is also a consumer reporting company called the National Consumer Telecom & Utilities Exchange (NCTUE). The NCTUE maintains data including payment and account histories as reported by telecommunications, some paid TV and utility service providers that are members. Your payment history may be maintained by the NCTUE even if it鈥檚 not reported to the three nationwide credit bureaus. Some utilities and mobile phone companies may check your NCTUE report.

#3: When you're making utility or mobile phone payments

Most utilities and mobile phone companies don鈥檛 report to the three nationwide credit bureaus 鈥� 香港六合彩玄机, Experian and TransUnion. But if your account isn't paid as agreed and turned over to a collection agency, it may be reported as a collection account and your credit scores may be impacted. 

#4: When you're applying for a job

Federal law allows both current and potential employers to view your credit reports when they are considering you for a new job 鈥� or even a promotion. Although not all employers check credit, some industries such as financial services or healthcare may because of the sensitive information their employees can access. 

If a prospective or current employer plans on checking your credit reports, they must first get written permission from you. This could be in the form of paperwork you sign when you apply for or first start your job. 

Employers and prospective employers must let you know if you do not receive a job or promotion because of information in your credit reports, and must provide you with the name and contact information of the credit bureau furnishing the report.