Along with the pride of having good credit, there are some valuable financial credit, there are some valuable financial rewards as well. Any time you get a loan, your lender will look at your credit to determine what type of risk you are. If you are a low-risk borrower, you'll get a better loan. What exactly does it mean to get a better loan? It means that you'll pay a lower interest rate, which means that you'll save a lot of money you can use elsewhere.