How to spring clean your credit rating

Easily available credit, along with ever-so-tempting internet shopping has meant that consumers often have several credit cards or loans. If you aren’t careful this can lead to credit card debt and black marks on your credit rating, but don’t panic just yet, there are ways to give your finances a spring clean this year. The experts at comparison site MoneyGuru.com have some wisdom to share on how.

A good starting point is getting to know your current financial situation by knowing exactly what your credit rating is, how you can check it and how it affects your finances.

Back to basics – credit rating? What’s that?

A credit rating is used by lenders to decide whether or not your application for credit is successful – whether it’s for a personal loan, credit card, mortgage or …