While browsing the web I noticed sites advertising “Know your credit score” and “Get your free credit report”. I completed the form and the outcome was an average credit score. I always thought that I was pretty credit worthy, having paid off a car loan and always paying my accounts on time. After further investigation and looking at my report in more detail, I noticed that I had about four outstanding loans on my name; three of them were made to help family members. They pay the instalments to me monthly. It seems that having too much debt is not a good thing at all, regardless if someone else is paying off the debt it still reflects on your score and this is what caused my average credit score. Average is not bad but not all doors are open to me as I thought it would be. This is definitely something to work on and food for thought.
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