Your credit score is key to determining how much money you can borrow. Everything from setting up a credit card, to taking out a business loan or mortgage, requires lenders to reference the often dreaded credit score.

It plays a key role in helping them decide how much you can borrow and how much interest you will pay. The better your credit score, the better your chances at getting a good deal will be. You can use sites such as Noddle and Experian to check it out.

If you’re blushing at the memory of that one credit card bill you didn’t pay off on time (we’re not judging, promise) then don’t worry. There are simple ways to give your credit score a much-needed boost.

First, find out what your exact credit score is. Second, please don’t forget to pay your bills on time (that includes credit card bills - no cheating!) And finally - keep using that credit card (or go out and get one). The more payment history you have, the easier it is for credit agencies to process your application. So don’t give them a reason to dig up any dirt - make sure you pay off those bills.

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