Your credit score is a huge determining factor when it comes to your financial life. It’ll determine what type of terms you’ll get when applying for a mortgage, personal loan, an auto loan, etc. By now, though, you know that a poor score may hamper your efforts in taking out a loan. If you’re lucky enough, you may get the loan, but at a high interest rate. On the other hand, someone with an excellent credit will have an easy time applying and even better, they’ll get favorable rates. Because of that, financial experts recommend keeping an eye on your score. However, what do you do when every time you check, it’s at the same low number as the last time? It’s frustrating and even worse is chances are you don’t know where the problem lies. Different factors affect your overall score, and it’s okay for a person to find it difficult to improve this three-digit figure. Nevertheless, you can find the problem, take measures to correct it, and later get back on track with your quest for a better score. If you’re one of those people who check their scores only to end up disappointed with its stagnation, here are some of the probable reasons.