If you’re thinking of applying for a mortgage, personal loan or credit card, read this guide NOW to ensure your application has the best chance of success.

If you aspire to enjoy the comfort of your own home; if you need a loan for business or pleasure; or if you need a credit card to tie you over, there’s something essential you need to know.

Some people aren’t even aware it exists, but it’s a vital element in determining whether or not your application to borrow will be successful.

It’s your credit score, which is a number that reflects the likelihood of you paying back what you borrow. A range of lenders including banks and credit card companies will look at your credit history and your credit score, which will show them the level of risk in lending to you. The higher your credit score, the more chance you have of being accepted for credit, at the best rates.

Your credit score influences your chances of getting:

  • Credit card, loans and mortgages
  • Car financing
  • Gas & electricity monthly payments
  • Mobile phone contracts
  • Insurance monthly payments
  • Property rentals

This guide tells you why your credit score is important, what things affect it and how to improve it, to enhance your chance of a successful application.

As well as mortgages, loans and credit cards, this guide helps with smartphones and insurance too. If you want to talk to Siri on the latest iPhone, take holiday snaps on a natty Samsung or ensure you get the best car insurance deal, your credit score matters. By improving your credit score with this guide, you’ll have a much better chance of getting these products.

This guide is designed to empower you with the financial information tools you need. We won’t swamp you in gibberish. It takes you through simple steps to improve your credit score, in plain English. It’ll help you get to grips with your own credit information; it’ll increase your chances of borrowing what you need – and in turn fulfil whatever your aspirations may be.

In short, it’s all about convincing lenders you’re a good, safe customer to lend to.

This guide has been created as part of a Credit Awareness Week campaign launched by us, Credit Strategy (we’re a financial publisher), and run in association with Experian, the UK’s largest credit reference agency. Experian can provide you with your credit score free of charge.

The campaign is designed to give the power of financial information back to you, with clear information and practical steps.