We have compiled a list of five frequently asked questions, as well as five additional questions that should be posed, pertaining to the Score MasterCard.
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A good credit score is the foundation of a brighter future. With a good credit score you can make better financial decisions, have more financial options available, and when you do need to borrow money you will pay less in interest.
Good credit is the foundation of a solid financial future. When you build your credit score you can get access to more forms of credit which can significantly enhance your life.
Improve your credit score with the Score Mastercard
Nothing is more frustrating than being rejected after applying for credit when you need it most, or being approved but at exorbitant interest rates.
What is an IVA?
An individual voluntary arrangement (IVA) is a form of insolvency. Personal insolvency means you are unable to pay your debts as and when they fall due. Simply put, an IVA is an agreement between you and the organisations you owe money to that sets out when and how you'll repay them.
If you’ve recently moved to the UK, thinking of ways to build credit probably isn’t top of your priority list. However, to be accepted for most forms of borrowing in the UK, you must have a good credit history and credit score.
Fact: Having good credit will not only enhance your life but will allow you to live the life that you want.
Let’s stop and think about that for a moment. Having good credit will not only enhance your life, but allow you to live the life that you want. That’s a pretty bold statement to make, but it’s true. A poor credit score can hold you back in life in numerous ways.
Fact: Having great credit can give you control over your life.
We had a client, Steve, who just didn’t get why a good credit is so important. He had poor credit, so just used cash for all his purchases. As far as he was concerned, having a poor credit score didn’t negatively impact his life at all.
If you struggle with bad credit, you know that being turned down for credit can be disappointing, frustrating, and even a little embarrassing. If this has happened to you, you are not alone.
