Credit refers to your ability to borrow money or access goods or services with the understanding that you’ll pay later. In the UK, your credit score reflects how trustworthy you are as a borrower. Good credit allows you to secure loans, mortgages, and better interest rates. Poor credit, however, can limit your options. It’s essential to build and maintain a strong credit profile by paying bills on time, managing debt, and monitoring your credit report. Credit plays a key role in financial decisions, affecting everything from car finance to renting a flat.
