Credit Guides

Our guides cover anything from helping you to maintain a healthy credit score amongst help answer questions such as What credit score do I need for a mortgage.

Getting car finance with a bad credit rating

While the news has contained some rather interesting stories recently about people who have tried to outwit the banks, when it comes...

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Why credit can work for you

Whilst most people like to stay financially independent, there are times when you need money in advance of payday. For those occasions when you don’t have the money yourself, a credit card can be a highly useful way to borrow...

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How to lower your credit card interest rates

Credit cards are pretty simple as a concept and they can make life quite a bit simpler for you by taking the headache out of daily purchases and moving money around. However, the interest and charges you pay are...

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How to improve my credit score after an IVA?

Successfully completing your IVA is a huge step towards financial freedom and a debt-free life. But an IVA stays on your credit file...

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How will an IVA affect my credit score?

Anyone who has ever taken out credit, whether it’s for a phone contract or a mortgage, will have a credit score. It’s essentially a record of the last...

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How your credit score can affect your financial future

Being in the know when it comes to the affect your credit score has on your life is a huge priority.  Your credit history and your credit score can affect whether...

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4 tips to help improve your credit score

Millions of people want to learn how to repair their credit score as it has a constant and direct effect on your daily life and well-being. When your credit rating gets too low, it can be...

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3 reasons why bad credit ruins your future

Finally you have saved enough money to buy your first home. You have filled out all the paper work and submitted everything to the mortgage company for approval. Now, instead of heading to the estate agent, the mortgage company calls...

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Why you shouldn’t take out a payday loan if you want a mortgage

Payday loans are toxic when they are recorded on your credit record. On average, 85% of applicants who have had a payday loans on their credit history in the last 12 months were...

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Is a credit score of 702 good enough?

The question “is a credit score of X good?” is pretty common, but very hard to answer. Firstly, it depends on...

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What does a credit score of 475 mean?

This is a common question, but on its own it is difficult to answer. The problem is that you don’t actually have a single, universal credit score. Your actual credit...

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What credit rating do you need for a mobile phone contract?

Technically, having a phone on contract is a form of credit because you are using the phone’s services each month and then paying for that usage at the end of month. Fortunately, getting a...

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What is the minimum credit score to buy a house?

The short answer is that there is no minimum. When you apply for a mortgage, the lender will assess you...

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Can I remortgage my house with a bad credit score?

Remortgaging your home regularly is essential if you want to ensure that you get the best deal on your monthly repayments. Choosing the right financing option can save you thousands of pounds over a few years. Unfortunately, if...

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Where can I get a free online credit score?

This depends a lot on which credit score you want. There are at least a handful of different companies who track your...

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What is considered a good credit score?

A good credit score depends on which credit score you have in mind. You don’t have just one credit score; in fact you probably have several and they will all vary. Every...

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Can I get a free credit score every year?

Credit scores are tricky because you don’t actually have one single credit score. Every credit referencing agency deals with your credit info in their own way and most come up with...

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How can I check my credit score online?

There are plenty of ways to check your credit score online, but first you need to figure out which credit score you are interested in knowing....

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How can I get a mortgage with a low credit score?

That depends a lot on just how low your credit score is. There was a time when people with poor credit could get a mortgage without too much trouble and at the time banks were lending money...

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What credit score do I need to get an iPhone?

When you get an iPhone on contract, or any phone for that matter, it might seem like you are getting it for free, or at least some portion of it for free...

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Does my job affect my credit score?

The short answer is no – it is a common misconception that your job can affect your credit rating, but in actual fact your job has no impact at all on your credit score or in your credit file...

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How can I see my credit report for free?

If you want to work on your credit rating and improve your credit score then checking out your credit report is a great way to start. The...

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Do you need a credit card to have a credit score?

You don’t need to have taken out a huge loan or a credit card in order to have a credit score, you just need to exist...

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What credit score do I need for a payday loan?

There is no simple answer to this, firstly because you don’t actually have one specific credit score anyway – you actually have about three, one from each of...

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How will a payday loan effect my credit score?

It could affect your score in a few different ways, so it depends. Taking out a payday loan certainly shouldn’t hurt your credit. Let’s explore the scenarios: If you take out the loan and fail to repay it...

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What are the best things to do to increase my credit score?

Improving your credit score is actually pretty easy, all you need to do is add new positive information to your credit file and avoid adding any negative information such as missed payments,...

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How to check your credit score without lowering it

If you are conscious of your credit score and worried that it is not that great – perhaps you have...

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How is my credit score calculated?

Your credit score is a measure of how credit worthy you are and how big of a risk you pose to any creditors who lend you money....

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How does a mobile phone contract affect my credit score?

Well first of all, getting a mobile phone contract does affect your credit rating a little bit. In fact you will probably have to have a credit...

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When does your credit score increase?

We need a bit of background information before the answer to this question will make any sense. First of all, in the UK we don’t have a single unified credit score as such. There are...

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Does closing unused accounts improve my credit score?

Well, yes and no. There are two aspects to consider here, your credit worthiness and what you can afford. So let’s look...

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How does my credit score affect my mortgage rate?

As you know, your credit score is an indicator of how good or bad your credit history is and, by extension, how high a risk you are for lenders. While...

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How to improve your credit score after bankruptcy

Declaring bankruptcy should always be an absolute last resort, but in some situations it may be necessary and if you have just come through such a time and have a bankruptcy on your credit...

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Does moving your bank account affect your credit score?

As a rule the only things that should affect your credit score are things related to credit. A normal bank account...

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10 tips to improve your credit rating fast

There’s a lot of information floating around already and sometimes it’s hard to digest it all and figure out an action plan. So this section serves just that purpose. Here are 10 simple,...

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How can I get a loan with bad credit?

Your credit rating is simply a record of your previous credit history and gives potential creditors an indication of how well you...

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How to improve your credit score

How you improve your credit score depends what your credit rating is right now, but there are certainly a few steps that are worth taking for anyone regardless of your current credit...

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What credit score do I need for a car loan?

Getting credit for a car is generally not as difficult as say getting a mortgage, but how difficult will of course depend on your credit rating and...

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What credit score do I need for a credit card?

When you need to improve your credit score there are few options better than getting a credit card – it gives...

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What credit score do I need to get a contract mobile phone?

If you want to get a mobile phone on contract the network will most likely check your credit score. Fortunately though, mobile phone...

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What credit score is needed for renting a house?

Like with so many things in life, when you commit to renting a house or flat you will be asked for a credit check. If you have little...

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What is the lowest credit score possible?

This question can be a little too vague, since there is no unified, universal credit score per se – there are several credit reporting agencies and any lender is free to use...

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What is the minimum credit score for a mortgage?

There is no minimum credit score, per se, to qualify for a mortgage, but you can certainly use a bit of common sense to estimate whether you will get one or not. Banks need to give people mortgages...

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Does an overdraft hurt your credit score?

In short, no. In the normal run of things an overdraft shouldn’t negatively impact your credit score. In fact, it is a form of credit and using one responsibly...

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Does your credit score follow you to other countries?

The simple answer is yes; or at least, it can do. Remember that your credit score is not a universal thing. In the UK we have three main credit agencies;...

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Does checking my credit history affect my credit score?

The thing about credit scores is that they are subjective and can be affected by anything related to your credit. Every time you take out a loan, make a payment or completely pay off a debt that is logged. Every...

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How do I fix my credit score?

The problem with credit ratings is that in order to improve your score you need to use credit – and...

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How long does it take to fix a bad credit score?

Having a bad credit score or a generally checkered past and a credit file full of mistakes or even defaults and...

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How often does my credit score change?

When you are trying to improve your credit score it is easy to find yourself checking back on Experian every hour or two and pretty soon...

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How often does your credit score increase?

This is a common question, particularly amongst people who are looking to repair or improve their credit ratings. If you need to fix your credit so that you can apply for something important then if can sometimes seem...

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What credit score do I need for a personal loan?

Getting a personal loan depends on a lot of different factors, only one of which is your credit score (or more to the point your credit history) and it is impossible to know...

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What credit score do I need for a store credit card?

Getting a store card for your favourite high street shop can be a good way to earn back rewards on things that you would...

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What credit score do I need to get a car loan?

Buying a car is a big purchase for most people and whilst owning one is often essential for all sorts of reasons many people...

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What is the best credit score website?

In the UK there are three main credit reference agencies and if you want to see your credit score then these places are where you need to go! All three agencies do of course have websites where you can check...

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What is the minimum credit score for a car loan?

Buying a new car (or a used one) is a big financial cost and for most people getting some form of a loan is necessary. But if you don’t have a great...

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Why is my credit score so low?

When you first apply for a loan or some sort of credit you might be surprised to find out that you are...

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Ways to repair your credit

Saddled with the label of ‘bad credit’ you probably find it difficult to run your life because life dictates that we need credit in order to survive. For example, we need...

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