<prompt> Human: I paid off my mortgage and dont ownneed a car so no car payments. My credit card limit is like 20k which seems like more than I would ever use.What impact would a higher or lower credit score have on my life? What if I didnt pay some smaller bills and my credit score was lowered, would Chase lower my credit card limit?  <response>: Many insurance companies rate policies based on credit scores, so if your score is bad you get higher rates for auto and homeowners policies. Also, a few employers run credit checks before hiring. A bad score could be the red flag that puts your application at the bottom of the pile and someone elses at the top. 