What is a potential outcome of having a poor credit score?

A potential outcome of having a poor credit score is indeed difficulty in securing rental housing. Landlords often review applicants' credit scores as part of the rental application process. A credit score reflects a person’s financial responsibility and payment history, which can significantly influence a landlord’s decision. Poor credit indicates a higher risk to landlords, leading them to prefer tenants with more favorable credit histories. Consequently, individuals with low credit scores may struggle to rent an apartment or house, as they may be denied outright or required to pay higher deposits or rent in advance.

In contrast, higher chances of loan approval, lower interest rates on loans, and higher credit limits on credit cards are generally associated with strong credit histories. Therefore, they do not align with the outcomes of having a poor credit score.