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Credit: Your financial power

Good credit can help you achieve your financial goals

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      Following best practices can help you improve and protect your credit score.

      Key Takeaways:

      • Credit refers to your ability to borrow money now to repay later.
      • Your credit score is your reputation as a borrower. It can help determine if you can borrow money and at what interest rate.
      • The most significant factors affecting your credit score are whether or not you have repaid debts on time and how much of your available credit you use.
      • Paying off balances in full each month and avoiding unnecessary credit applications can help your credit score.
      • Your credit score can affect many areas of your life and may be used not only by lenders but also by prospective landlords and employers.

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      This is for informational and educational purposes only and should not be relied upon as investment advice or the basis for making any investment decisions. It has not been prepared with regard to the specific objectives, financial situation or particular needs of any specific person. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. Any opinions expressed are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or groups of UBS.

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