What is a credit rating and why does it matter?

Credit scores can cause a lot of stress and confusion, and it’s well worth understanding how they work before attempting to get a mortgage or a loan.

Credit ratings are calculated using lots of different data, and essentially give lenders a picture of your financial health.

There are some simple ways to improve your credit score and it’s never too early to be thinking about how to get a great rating.

Lenders will use your score to decide whether to lend you money or not, and perhaps surprisingly, other people’s scores can affect yours too.