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The world of credit can be difficult to navigate successfully. If we have too little, we can get rejected for home loans and personal loans on the basis that we haven’t proven our financial responsibility; however, if we have too much, we can get penalized for not living within our means. Of course, credit allows us to make big purchases that we’ve always dreamed of, like a home, holiday or car.

Navigating the world of credit proves to be difficult for everyone. Having too little often means we get rejected for financial products based upon the fact that we have no repayment track record. Conversely, having too much can mean we get penalized for not showing we are able to live within our means.