E31: How can I improve my credit score? With John Webb, Clare Seal and Luis Mejia

The Pension Confident Podcast

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Most people have heard of the term ‘credit score’ but often that’s as far as it goes. What is your credit score, how is it calculated and why does it even matter?

This month on The Pension Confident Podcast we’re talking about the dark-art of how to improve your credit score. Join our host, Philippa Lamb, and our expert panel as they discuss the ins and outs of our financial history and the impact it can have on our financial future.

• Consumer Affairs Manager at Experian, John Webb;
• Author, Columnist and Content Creator, Clare Seal; and
• PensionBee’s VP Data, Luis Mejia.

Episode Breakdown:

01:08 What is a credit score and why does it matter? 05:28 Credit score jargon explained 11:13 How is a credit score calculated? 16:28 How do I know if my credit score is good or bad? 19:36 Spotting and correcting errors in your credit report 20:38 Understanding your credit score 22:05 How to improve your credit score 26:37 Busting credit score myths

Further reading:

To learn more about some of the themes discussed, check out these articles and podcasts from PensionBee:

• Episode 31 transcript
• E10: What are the effects of debt and what can you do if you find yourself in it? (Podcast)
• E15: How can we achieve financial inclusion? (Podcast)
• E23: Common financial mistakes and how to avoid them (Podcast)
• How can I improve my credit score?
• Retirement planning in your 20s
• The importance of financial inclusion
• What to do with inheritance money
• Can a guarantor be retired?
• How to talk about money

Other useful resources:

• What is a credit score? How is it calculated and what affects it? (Loqbox)
• Why credit scores matter in retirement (Expedia)
• Getting to grips with your credit report and score (TransUnion)
• Credit report errors can ruin your credit score - are your records correct? (Which?)
• Getting your credit score from a bank (Investopedia)

Catch up on the latest news, read our transcripts or watch on YouTube:

• The Pension Confident Podcast
• The Pension Confident Podcast on YouTube

Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads.

Follow Clare Seal (@clare.seal) on Instagram, LinkedIn and X.

Follow Experian (@Experian_UK) on X, YouTube, Instagram, TikTok, Facebook and LinkedIn.

Follow John Webb on LinkedIn.