CREDIT REPORT SERVICE

A credit score is incredibly important when applying for a loan. It has a big say in whether you’ll be approved and how much you’ll be approved for. Find out what a credit score is, how it affects your borrowing power, and how to improve it.

​

What is a credit score?

A credit score, or credit rating, is a number used to assess how trustworthy you are as a borrower.

​

Lenders use this score as part of their assessment to determine:

• If you’ll be approved for a loan

• How much money they’ll lend you

• If you can afford the loan repayments

• What interest rate you qualify for.