Having a good credit score can open many opportunities. Whether you're looking to borrow money for a mortgage, credit card, loan or even a job, having a good credit score is a key factor in whether or not your application will be approved. With the importance of having a good credit score, it's important to understand how to check your credit score and the positive benefits associated with it.

The most important benefit of understanding and checking your credit score is it can help you avoid potential debt problems in the future. This is especially important if you’re ever considering taking out a loan or credit card. Knowing and understanding your score can help you more accurately predict the amount of money you’ll be able to borrow and the interest rate you’ll be charged.

Another benefit of understanding and checking your credit score is staying on top of your financial health. If you’re unaware of your score and credit report, you may be blindsided and surprised if an application is denied due to a poor score. But if you’re monitoring and checking your score regularly, you’ll be able to start taking proactive steps to repair any damage that may have been done by mistakes on your report.