A credit score is a number that shows how reliable you are at managing money and repaying debt. Lenders use it to decide:

• Whether to approve loans, credit cards, or mortgages
• The interest rate they’ll offer you

Credit scores typically range from 0–999 or 0–700, depending on the credit reference agency. A higher score shows that you are less risky to lenders.

Real-Life Example:

• Score 750+: Likely to get a mortgage or personal loan at the best rates
• Score 600–700: May need to compare offers and could face higher interest
• Score under 600: Limited borrowing options, higher interest, or may be declined

Your score isn’t fixed; it changes depending on your financial behaviour, so even small improvements can make a big difference.

A good credit score can have a huge impact on your finances:

• Borrowing Costs: High scores often mean lower interest rates, saving hundreds or even thousands over a loan term.
• Rental Applications: Landlords often check credit scores to see if you’re reliable.
• Insurance Premiums: Some insurers use credit info to calculate premiums.
• Peace of Mind: Knowing your score and how to improve it helps you make smarter financial decisions.

Tip: If you’re carrying debt, consider speaking to a debt adviser at Angel Advance before taking on more credit.

Before attempting to improve your credit score, knowing what information credit reference agencies hold for you is really important. It can help you understand any errors and check for any fraudulent activity. There are three main credit reference agencies: Equifax, Experian, and TransUnion – each will hold slightly differing information, so be sure to check each one.

The information most commonly found is:

Once you have checked your score across the three agencies, you’ll need to know what to look for when identifying any areas for improvement.

Once you have checked your score across the three agencies, you’ll need to know what to look for when identifying any areas for improvement.

There are a few options available, be sure to cross check each credit reference agency and utilise their free trials.

Checking your score does not affect it, and it allows you to spot errors or potential fraud early.

A low credit score may limit borrowing options, but you can take control:

• Speak with a debt adviser through Angel Advance
• Explore options like a Debt Management Plan (DMP) or an Individual Voluntary Arrangement (IVA)

Improving your credit score while actively managing debt sets you up for better financial outcomes in 2026.

Unlocks better borrowing options with lower interest rates
Helps you plan for major purchases like a car, a home, or a holiday
Builds financial confidence and resilience

Even small improvements, such as paying bills on time, reducing balances, and checking reports, can have a significant long-term impact.