What is credit?

Things like credit cards, loans and mortgages are types of credit. You might be surprised that smartphone contracts, car insurance (if paid monthly) and your bank account overdraft are too. Whenever you apply for credit, everything you owe will show up on your credit file for other lenders to see.

In this section, we’ll go into this in a bit more detail and give some tips on keeping your credit file looking healthy.

Important: the content on this page is not intended to be taken as financial advice or recommendation made by MBNA. You should seek financial advice if unsure about your credit needs.