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What do you know about credit?

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Howdy guys,
The Mix are currently working with Experian to increase support and information for people during the current cost of living crisis. To help us with this, we have a few questions that we'd love for you to have a go at answering
The Mix are currently working with Experian to increase support and information for people during the current cost of living crisis. To help us with this, we have a few questions that we'd love for you to have a go at answering

- Do you know what a credit score is?
SpoilerYour credit score is a 3-digit number that indicates how good you are at borrowing and repaying money – ranging from ‘very poor’ to ‘excellent’. This is used when you try to get a credit card, mortgage or even buy a car!
- Have you heard of Experian before reading this?
If not, you can check out their app here where you can learn about what your credit score is and even how to improve it!
Do you have any questions once looking at the app? Anything you want to learn or know from Experian?
Post edited by Emma_ on
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I've updated the post above, so have a look and give us a shout if you have any more quesitons
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We're also running a training session on Zoom on Tuesday evening (7th) with Experian if anyone is interested about learning more about a credit score!
You can sign up here: https://forms.office.com/e/x6kn3ZfGkX
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I know that a credit score can be good or poor. I know that if you haven't had a financial history (a job, benefits, taken out loans etc) then the score will be low. I also know that if you have money coming in, and have taken out loans (and paid them back) or split payment for items over a few months, your credit score will increase (I think?).
I know that a poor credit score can prevent you from taking out loans, mortgages or opening up accounts because banks and other financial service providers will be concerned about the likelihood of you being able to keep up with payments/pay the money back.
I have heard of Experian. I've seen them advertised on tv. It's a way to check your credit score, I think?