For many Americans, smartphones have become almost as vital to daily life as eating and breathing. Consumers increasingly see phones not just as connectors and guides but also as mobile banks, using them to cash checks, transfer money and check their account balances on the go.
But your finances could have an even more intricate relationship with your smartphone than you realize. In financial services site WalletHub's recent iPhone Launch Survey, for example, 70 percent of respondents report that they didn't know credit scores can affect cell phone bills.
They can, although this connection primarily affects users purchasing a new phone or changing carriers. "If you have poor or no credit, you might be required to pay a down payment before getting your phone," WalletHub analyst Jill Gonzalez tells CNBC Make It.