Maintaining a good credit score is important if you're hoping to get a new credit card, apply for a loan, or even a mortgage.
A bad credit score might stop you from getting any of these, or may mean that you will have to pay much more interest on a loan making it more expensive.
Watch our video above for more information on credit scoring and how you may be able to improve it.
For more help and information on managing your money, try the following websites:
- Experian: www.experian.com/understanding-credit-scores
- Money Saving Expert: www.moneysavingexpert.com/check-free-credit-report
- Money Advice Service: www.moneyadviceservice.org.uk/how-to-improve-your-credit-rating