Money is  key to our every day life yet often our eduction around it is really limited. We  owe it to ourselves to understand terminology around money and how financial implications affect us.

So bearing that in mind, what do you know about credit scores?

It is important to have a good credit score for a variety of reasons but mainly so lenders lend you money. You may be after a new house of car or in need of a new credit card,  Having a good credit score will make life so much easier to borrow the money you need and enable you to get a better deal on borrowed money.

Have you ever checked your credit report and do you understand how it can impact you?

As the new year approaches it really is time to get a grip on our finances and understanding credit scores is a good place to start.

Have a read of this great article from Different Money entitled What is a credit score? It is a really good use of 10 minutes of your time to educate yourself around this. The article dispels credit score myths, helps you learn how to improve your credit score and you really understand why it matters.

We need to understand our money.

 

 

 

 

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