In many places, having car insurance is mandatory. If you are caught driving without it, you can end up getting a summons to go to court. You can also end up losing your license. Should you be responsible for an accident, you could also find yourself involved in a lawsuit in order to get you to pay for the damages of the other parties involved in it.

Your credit score is the three-digit number that lenders obtain from a credit bureau in an attempt to sum up your credit risk. Your credit score gives lenders a snapshot of your credit and debt situation and plays a big part of whether or not credit will be granted, as well as the terms and conditions of your loan or credit card.