Understanding your credit score

Having a good credit score will help prepare you for the future when you’re applying for things like credit cards, overdrafts or mortgages.

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This information is provided for guidance only. This is not financial advice. You should always do your own research when making any financial decisions.

If you are a current student and need advice, contact the Student Advice Centre.

What is a credit score?

Credit scores are a system that banks and lenders use to work out how much money you could get when applying for financial services like credit cards, overdrafts or a mortgage.

Even if you’re not thinking about using any of these financial services yet, it’s important to know if there’s anything you’re doing right now that could be affecting your score.

Check and improve your credit score 

For more information on what they are, how they’re calculated, and how to improve your score, visit: