Master Your UK Credit Score: Tips for Newcomers on Borrowing, AI & a Fair Financial Future
Description
In this fireside chat, Tynah Matembe aims to demystify what a credit score is and why it matters. She is joined by three experts: John Webb, Consumer Affairs Manager at leading credit scoring firm Experian; Shiona Crichton, CEO of MoneyLine, a not-for-profit lender providing financial products and services to low-income households excluded from mainstream credit; and Daniel Goldstone, CEO of FinTech start-up Rangeteller, a company revolutionising lending strategies through a combination of AI and human expertise. Together, they explain what a credit rating signifies, how to improve your score, and address the common question of whether checking your score can negatively impact it. They also delve into the importance of credit scores for lenders and discuss options for borrowing with a low credit score, highlighting the risks of predatory lenders and the key do's and don'ts of borrowing. Finally, the conversation turns to the future, exploring how AI is poised to transform lending by more accurately identifying creditworthy borrowers and significantly reducing financial exclusion
United States
