Why your credit score is important

The better your credit score is, the stronger your chances are of being accepted for credit. The simplest way to build your credit score is to pay any existing credit cards (at least the minimum payment), loans, and mortgages on time, and keep within all agreed credit limits.

How you make your payments and how much you pay is reported every month on your credit file and general affordability.

Lenders look at all these factors when you apply to borrow from them. They’ll also take into account how much credit you owe compared to your income to form an overall picture of your creditworthiness.

Your credit score is an indication of how well-managed your credit file is. As well as the information above, your credit file also shows where you’ve been registered on the electoral roll, your address history, and if you’ve ever had any defaults, County Court Judgements (CCJs) or individual voluntary arrangements (IVAs).

If you think any of your information might be wrong, get in touch with the lenders who’ve recorded it and ask them to investigate. They’ll get back to you and update anything if it’s been recorded incorrectly.

To get a copy of your credit file, go to:




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.