Credit checks – know your history
If you’ve ever bought something on credit or taken out a loan then you’ll have a credit history. Any credit card application leaves a ‘footprint’ on this too. If you’re turned down, it could be viewed negatively when applying for credit in the future.
Ironically, if you’ve always paid for things upfront, you might have also a ‘poor’ credit score but that’s simply because you have no credit history for card companies and loan providers to go on. If that’s the case for you, then find out how to build your credit score.
There are three main credit reference agencies that all checks go through: Equifax, Callcredit and Experian. You can check your score for free at all three places so if you’re in any doubt about your credit worthiness; it’s worth a quick look before applying for any credit.