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 to credit, for most of us, credit terms will be determined for us by the lenders. What’s...

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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...

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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...

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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...

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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 6 years of your...

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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 or not you receive...

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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 a nightmare. There are...

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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...

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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 who has given you that score and secondly it...

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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 history will look fairly similar whoever you go to, but...

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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....

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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 on several different criteria, one of...

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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,...

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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...

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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 credit reference agency will track your credit history...

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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...

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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...

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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...

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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...

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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...

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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 best news is that checking your...

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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...

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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,...

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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...

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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...

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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 a tarnished history that you think might be causing issues or maybe you just got turned...

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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. Not surprisingly then, your score is based on what...

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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...

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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...

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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 at both: Credit worthiness This is basically what most people refer to as your...

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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...

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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...

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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 isn’t a form of credit and therefore,...

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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....

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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 handle your debts...

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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...

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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...

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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 contracts are among the easiest things to get accepted for, even if...

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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 credit history or...

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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...

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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...

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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 will add to your credit history and improve your...

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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; Experian, Equifax and Call Credit. Each of...

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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...

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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 if your credit is really bad you will struggle to even get any credit. So what do...

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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 late payments...

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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 you start to feel like it’s...

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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...

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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...

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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 have bought anyway. Unfortunately most...

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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...

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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...

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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 track...

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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 not considered credit worthy and in most cases this will be down to having...

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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...

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