Credit score – 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 and Experian. Go to clearscore.co.uk/checkscore to see yours for FREE
This information is intended for editorial purposes only and not intended as a recommendation or financial advice
- How do I get my credit score? You can check your credit score at any of the major credit score companies. For example you can go to clearscore.com/whatsmyscore to get your score for FREE
- How do I build my credit 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 credit score
- How can I improve my credit score? There are ways to boost your credit score and you can 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? Know the score – 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 taking out a credit card