Know your credit score and how to boost it

CREDIT SCORE MADE SIMPLE

Your credit score is important as companies use it when deciding to give you credit or not and at what rate of interest. It’s basically a credit file on you based on data they capture from many sources and includes bills, loans, and utilities. Credit score providers include Clearscore, CreditKarma and Experian.  

1. 1. How do I get my score? You can check it at any of the major credit score companies. For example you can go to clearscore.com/whatsmyscore to get your score for FREE 
   2. How do I build my score? When you show that you pay bills each month and you can handle you money: by paying off credit cards of loans each months it improves your score 
   3. How can I improve my score? There are ways to boost it – find out how to do this with experian.com/boost or at creditkarma.com/scoremore 

• What’s the benefit of a good score? If you’re planning to take out a loan, a good credit score means that it’s likely you will be accepted and may get a better rate. In the future if you look to buy a home and need a mortgage this will be something any lender checks to find out if you can keep up regular repayments. 

• Our top tips for you? Find out your score and know if it’s good or not. You can check it for FREE as many times as you like at experian/checkyourscore  Try to improve your score – whether is building your credit profile by using a credit card or using a tool like Boost by Experian it all helps to get you credit when you need it 

This information is intended for editorial purposes only and not  intended as a recommendation or financial advice