Most of us don’t think about our credit history on a daily basis, trying to meet our financial obligations on time. Meanwhile, the low credit score may be down to failure to pay bills on time or having a high levels of existing loans compared to your income and expenses.

The costs of low or poor score can be high. Lenders always check the client’s credit report when they apply for a mortgage. A bad or too low rating may result in charging higher interest rates, worse credit terms or even rejecting the application.