Your credit rating plays a crucial role in your financial life. Lenders use it to help decide if they'll give you a loan or credit, how much they’re willing to lend, and how much interest rate they’ll charge you.

If you’re looking into getting a mortgage, credit card, or loan, a good credit rating can make a significant difference in getting a good deal.

Following on from last month's Financial New Year's Resolutions, this time of year can bring more than its fair share of money worries. According to The Money Charity, the average total debt per UK household by November 2021 was £63,122.

So what can you do if you have bad credit?

Whether you're applying for your first credit card or looking for a new one, there are hundreds of options available. Here are a few things to take into consideration to find the one that suits you best before applying.