When looking at purchasing financial products such as loans, mortgages or insurance plans, lenders (or financial services firms) may look at a number of factors including your credit score and your credit history.

This is to help them assess your affordability and the likelihood that you will be repaying on time.

Having a good credit score can help get you access to the best financial products, such as credit with lower interest rates, better terms and availability on loans and mortgages, the best credit cards and discounts on insurance products.

See our range of credit building tools to help you improve your credit score: