What do you know about credit?

If you’re planning to borrow money, it’s useful to have a basic understanding of credit, how it works and the different types which may be available to you. The following guide is a good place to start.

 What is credit?

What do lenders look for?

When you apply, lenders routinely complete credit checks to help them assess the risk of offering credit, and how likely it is to be repaid, based on your financial history and personal circumstances.

What is a credit check?

Know where you stand with Lloyds Bank

Sign up for ‘Your Credit Score’ to see your rating with TransUnion. It’s free to check and won’t hurt your credit score.

More about Your Credit Score

Understanding the options

Use our borrowing options tool to help you decide which type of borrowing may be right for you.

Borrowing options tool

Support with the cost of living

As living costs rise, keeping on top of your money might be worrying. We can help you manage your payments and provide some useful tips and tools.

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the LSB.

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

Download the statement of responsibilities (PDF 60kb)

Important legal information

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.