Credit scores impact numerous aspects of our lives, yet many myths persist about what does and does not affect them, according to finance experts. Credit card company Aqua has compiled and debunked six common misconceptions.
To improve your credit score, the firm recommends checking your credit report regularly, getting a credit card to build credit history, paying bills on time, staying on top of debt and setting up direct debits.
Sharvan Selvam, Aqua commercial director, said: “It’s important to separate fact from fiction when it comes to credit scores to ensure you take the right steps on your credit journey. Using a reputable source to get your financial information and talking to your bank or credit provider will help you make better financial decisions and find the credit product that is right for you.”
