Enter our free competition at the bottom of this page Whether it’s applying for a mortgage, credit card or insurance, a poor credit rating could be the difference between acceptance or rejection. A clearer understanding of your credit and how to check credit scores could provide the help you need if a poor score is affecting your life.
What makes a good or excellent credit score? And what influences it? When it comes to applying for credit and understanding what information is actually involved in the final decision, things get a little complex.
Whenever you apply for a loan, overdraft, mortgage, credit card or other forms of credit, the lender in question will refer to your credit score.
Whenever you apply for credit – be it a loan, mortgage, car insurance or mobile phone contract – the lender in question will check your credit report to get an understanding of your credit history.
When applying for any form of credit, having a good credit score is incredibly important and it will ultimately affect all financial commitments in your life: loans, mortgages, credit cards and many other forms of credit are dependent on you having a good credit score.