<prompt> Human: Im moving into my first solo apartment in a couple weeks, and I had to budget for the utility security deposits that many companies require if you lack a history with them. Between electric and internet, I was looking at a couple hundred dollars in depositsspread out gradually over my next few monthly bills. However, today, I learned a deposit was not required due to my solid credit score! One less headache to worry about, and my budget is a bit more flexible now, and all it took was managing and building credit responsibly. EDIT: Of course, this is just one of the minor benefits of a good score. I just wanted to highlight how credit can be a factor sometimes in less salient circumstancesEDIT 2: This became more popular than I expected! I wont be able to respond to replies today, so check out the Wiki on this sub for more information about using credit responsibly. Also, credit and debt are two different conceptsits important to understand the difference.  <response>: Can confirm parents refused to give me a credit card in my name in college cuz they were fearful of me not respecting it. Fast forward to this weekend, moving into my first apartment after graduating and have to pay two full months of rent for the deposit because I do not have credit. Parents, please let your kids have some form of a credit card, maybe for gas or just anything. It will help them in the long run. My roommates parents had a credit card in her name for gas and food and she did not have to pay a deposit. It sucks. 