When it comes to borrowing it's always important to know how likely it is that you'll be accepted for a loan or credit card.
There a three main credit reference agencies, Equifax, Experian and TransUnion. Using one of these agencies will allow you to check your credit score.
A credit score is a number that represents your credit rating, letting a lender know the level of risk involved when you request to borrow money. The higher the credit score, the lower the risk to the lender.
If you're keen to check your credit rating, but don't know where to start, take our credit check quiz.
Check your credit report to make sure you're in good shape to apply for loans, credit cards, overdrafts, mortgages and mobile phone contracts
Find out with our credit check quiz and see if you can apply for a credit card to help build up your credit rating.
a) I have a mortgage and one credit card, which I pay off every month – I find it's simpler to keep on top of things with fewer accounts
b) I've got a car loan, a personal loan and two credit cards – which I usually manage to juggle successfully
c) I've got so many cards and loans that I've lost count – I never know when I may need to get my hands on more credit
a) I always pay on time and in full – I've set up direct debits so I never miss a payment
b) I generally pay on time, but sometimes I can't manage the full amount
c) I skip a month every now and then, when money's tight and I just can't afford it
a) They check your credit report to see your credit history, as well as looking at the information you gave in your application
b) They base their decision on your application form and any other supporting documents you send them
c) They only care whether you earn enough money to make the repayments
a) Regularly, to make sure it's all up to date and accurate – I don't want a clerical error to spoil my chances of getting a good deal
b) The last time I checked it was a few years ago, after I had an application for credit turned down – I don't see why I should bother unless there's a problem
c) Never - I don't want to be reminded of how bad my score is
a) My credit rating is good, and it can improve even more if I keep on showing that I'm a responsible borrower
b) Credit ratings only show what my position is now - past problems won't show up, so they don't count
c) I'm not sure, but I think my credit rating must be OK because I've got so many different credit accounts already
For more information about your credit score and how it impacts your lending, read our guides on credit reports.