According to the business magazine Entrepreneur, as you move into adulthood your credit score replaces your SAT score as the number that defines you to institutions. As a current college student, you know all too well how it feels to be judged based on a number.
This does not end after you finish college. Those who have high credit scores have no trouble finding funds when they are in need but many are not so lucky.
Every week low credit scores lead to thousands of people being turned away from traditional lending. There has been an array of lending programs built over the years for individuals with poor credit. Most of them have higher interest rates in order to compensate for the credit risk posed by a subprime borrower.