What Affects My Credit Score?

and why is my credit score important?

Credit scores are not only used by banks and lending institutions, power and telecommunication companies, any institution or organisation where you may be required to make regular payments to them for services or products also use your credit score and report to determine whether you are a good risk.

Your conduct and activity affects your score giving you a total rating between 0 and 1000. The higher your score, the less these companies consider you a risk.

How does the score rating work?

This rating fluctuates continually based on your behaviour. For example continually...