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The next thing is any outstanding debts that you may have. This may be your mortgage or a loan that you have applied for. If any of these are paid of early, then that is a good thing. If you have just taken a new debt, like a loan, then this could effect your credit score.

If you do not know already, 700 or higher is considered a good credit score by the experts. Those that do reach this figure, will be able to get any finance they apply for at a lower interest rate. But people who are below this score, will have to pay a much higher rate.

The good thing about credit report and score, is it will change each year. So if you do not score well one year. then you get the chance to improve on it next year. But, first and most importantly, you need to find out what brought it down, this way you can see how to make it improve.