What are some of the consequences of bad credit?

• You can't open a checking account.
• You can't get another credit card.
• You can't rent an apartment.
• You can't purchase furniture, computers or anything on credit.
• You can’t get a mortgage.
• You may pay double the interest on a car loan and get hit with excess dealer fees.
• You may not be able to rent a car.
• In some cases, you won’t get a job offer because many employers run credit checks. Employers interpret a bad credit history as a sign of irresponsibility and immaturity (especially in the financial industry).