7 monthly bills directly affected by your credit rating
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Yes we are pretty much all aware that monthly bills can impact our credit. Those late payments can really bring down your credit score. But according to Credit.com, your credit score can also affect the payment amount on a number of those monthly bills.
Here are seven monthly bills with payments that can be directly affected by your credit score.
1. Rent payments
2. Credit Cards
Interest is added to your credit card balance every month unless you pay it off.
If mortgage lenders determine your credit score makes you a riskier borrower, they will charge you a higher interest rate in order to limit the risk.
4. Auto Loans
5. Student Loans
6. Auto Insurance
7. Homeowners Insurance
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