I’ve written before about the fact that some years back we found ourselves in what is politely called ‘financial difficulties’. We were on very low wages, and debts were simply managed rather then reduced. Then there was a redundancy, a baby… and suddenly that narrow safety margin vanished and we were in trouble, with debt increasing every month.
Money worries are horrible.
They sit heavily on your brain, they invade your peaceful space, they clamp down any day-to-day happy and they rear their angry gnashing teeth and claws to invade your dreams and keep you awake and thinking round in tight panicky circles in the small hours of the night.
But we worked and we learned and we got tough – it was a long, tedious and painful learning curve but we made it out the other side with a sense of satisfaction that we had solved it ourselves, and a strong determination to never let it happen again.
Along the way I learned the way ‘credit’ works in the UK – because for me, understanding the issue was the biggest key to finding the solution. Of course we knew we needed to spend less and earn more – but there’s a whole range of things to learn when you’re handling your credit score no matter if you’re starting with a bad or a good one.
The very first step obviously is simply to find out what your credit score actually is. MyCreditMonitor is just one of a range of companies who offer a free credit score check & report – and once you know what’s in it, you can then improve and monitor it.
So how much do you think you know about a Credit Score rating? I’m happy to report I got 7/7 on the quiz below – how did you do?