Having a FICO credit score is important if you want to take out a loan, buy a car or a house, rent an apartment, or even land your dream job. It can help you obtain the best interest rates and the most favorable terms on credit cards, loans, utilities, and more. But did you know a FICO credit report can benefit you in several other ways too?

By staying informed of your current credit standing, you’ll know what kind of actions you need to take to improve it in the future. Your FICO credit report presents the information lenders need to make a decision when you decide to apply for a loan. That same information also serves as evidence of your trustworthiness and responsibility when you seek employment or housing.

Another positive benefit to having a FICO credit report is an improvement in credit limit. A good credit score can help you qualify for a higher credit limit. This allows you to more quickly and effectively pay off your creditors and improve your credit score.

You can also use the credit score to your advantage when you go car shopping. Dealerships use this score as a starting point in their negotiations. And, depending on your credit standing, you may be eligible for