A good credit score can go a long way.

The rating, based on one’s ability to fulfill financial commitments, can be the driving force behind whether or not a lender will sign off on a loan or mortgage. A higher score can provide borrowers with lower interest rates and even open the door to new credit opportunities with better perks and cash-back options. A good credit score is not just about bragging rights: It shows responsibility to lenders and paves the way to financing your dreams.