Your credit score plays a significant role in determining your eligibility for a loan. The higher the score, the better the rate you can usually access. The lower your score, the higher your interest rate might be. In some cases, a really low credit score may not allow you to borrow money at all. That's mainly because a low credit score usually reflects a larger issue. Perhaps you're already in a sticky situation with your money – you may already be in debt or be experiencing cashflow issues. As a responsible lender, piling even more debt onto you would only put you in a worse position, and that's the last thing we want to do. If your credit scores could do with some love, you'll find plenty of great resources on the Wisr blog and in the Credit Scores Guide .