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Why your credit rating matters

You can think of a credit rating as 'trust'. The higher your credit rating the more trust organisations have in you financially. Your credit rating can affect many things.

Things your credit rating can affect.

  • Buying or renting a property

    A mortgage application or rental contract will need a good credit score as evidence you can be trusted to pay your mortgage or rental payments.

  • Buying a car

    Most people use finance to buy their car, and the garage needs to trust that you'll make your repayments, so your credit score will help them decide if they'll lend to you.

  • Mobile phones contracts

    We all want the best mobile. To get the best deals you'll need a good credit rating as the phone company wants to knows it can trust you to make your contractual repayments.

  • Getting a job

    Many employers now ask to do a credit search before you're accepted for a job. A negative or poor history can affect if they'll offer you a job or not.

  • Getting lower interest rates

    The better your score the more credit you can be trusted with and the lower the interest rate you'll be asked to pay.

Life brings us all many challenges and changes. To keep moving forward a good credit rating will help you face these head on.

Build your credit rating

Classic credit card
Apply now for a Capital One Classic credit card

Our most popular card with over 4 million people accepted.

  • For people with bad credit or building credit
  • £200 to £1500 credit limit
  • Up to two optional credit limit increases per year, if eligible
  • Helps you stay on top of your spending when you set up email alerts
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Representative example: Assuming a credit limit of £1,200 and an interest rate on purchases of 34.94% p.a. variable, you will receive a 34.9% APR representative variable.

How to improve your credit rating

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Top tips

Our Classic Card could help you turn bad credit into a thing of the past by building your credit.

To build your credit rating and potentially be eligible for credit limit increases, use your card sensibly by making your monthly minimum payment on time and staying below your credit limit. Not doing so could harm your credit rating.

Please note meeting these criteria does not guarantee acceptance.

For more product information read the:

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Credit questions