You may not realise it until you apply for a mortgage, credit card or loan but your credit score – a figure from 0-1,000 designed to represent how likely you are to pay your bills on time – can play a vital role in what you can and can’t do financially.
Building a good credit score helps lenders understand how responsible you are as a borrower. The higher your credit score, the higher your chance of accessing better interest rates. If your credit score isn’t exactly where you’d like it to be, whether because you’ve made payments late or never had a credit card, there are ways to improve it.
