What is the cost of having poor credit?
2 minute read
How many people know what their credit score is? Over two-thirds of people don’t. Some people may know how to check, but few would know why they need to know what it is or the significance of it.
Truth is, a credit score can have a profound impact in your ability to get a mortgage, car, a mobile phone or even internet connection – and many people don’t understand this because it is not taught in schools or colleges – at least not as well as it needs to be.
We decided that education around financial planning and money is still too “hit and miss”, so we developed a calculator to help you know why it is crucial to be sensible with money and what can happen if you are not.
You will need your credit score to get the most out of the calculator, but it shouldn’t take you more than a few moments to get what you need.
Don’t know your credit score?
Click here to go direct to Credit Karma
(It’s free and opens in a new window).
Here is the calculator, have a go and see what you think:
Want to know more about your credit report, or have a question for myself or one of our other experts? click here for more info.