I think that in this day and age, most people are familiar with the concept of a credit score. Whenever you borrow money or apply for any form of credit, you will need to be credit checked. That is, the lender takes a look at your credit score and credit history and uses these to make a decision as to whether they are happy to lend you the money or not.
If you are anything like me, you will use your credit card for pretty much any transaction you make. Personally, I do this because I earn Nectar points for every pound I spend on my Sainsburys credit card. My volume of transactions runs into the hundreds each month. With such a high number of transactions […]