Your credit score – it might seem like a simple little number, but it’s actually essential that you get your credit score right and give it the tools it needs to grow!

Having a great credit score will allow you to enjoy access to more loan offers and far better rates on your loans.

However, many people don’t understand the importance of their credit score and the factors that can impact it; thus, we’re here to help shed some light on this topic.

Similarly, it’s worth noting that most work both ways; they can improve or lower your credit score, so you must be working with these in mind.First, debts are a massive impact on your credit score.

If you don’t have any debts and promptly make your payments, you will likely have a high credit score.

However, if you have outstanding debts or payments, this may indicate to the lender that you are a high-risk individual to lend to.