One of the most important things that you can have in your arsenal when you are looking to buy a house or a car - or anything on finance, really - is your credit score. Not just your credit score, but a good credit score! Good credit is an essential if you want to get the mortgage you want in the area of the country you want to live in. While most people deal with mediocre credit or bad credit, it’s important to know that bad credit can lead to much higher interest rates and can leave you looking like a risky customer when you borrow cash.

What affects your credit score?  There are a number of things that can determine whether you have a good credit score or not, and there are a number of things that can bring your credit score right down. Understanding how to move your credit score the right way is important as you can then make sure that you get the mortgage you want. The thing to understand the most is that your credit score can affect you and your choices in the future for up to seven years. At that point, debts that you have had will then fall off your credit file and not affect the numbers anymore. 

A high credit score can show the lender that you are trustworthy - or creditworthy - and that can make a big difference as to how much a lender will be willing to lend you. Below, the infographic will teach you everything that you need to know about what can affect your credit score - both good and bad! Perfect credit is a rarity, but now you’ll know what to avoid doing.

Infographic Design By What affects your credit score?