Open Banking has changed the way people can share their financial information with banks, lenders and other financial services providers.<\/p>\n\n\n\n
But what does it actually mean for your credit score<\/strong>?<\/p>\n\n\n\n If you’ve ever been asked to connect your bank account when applying for a loan or other financial product, you may have wondered whether doing so will improve or damage your credit score.<\/p>\n\n\n\n The short answer is: Open Banking itself doesn’t automatically increase your credit score.<\/strong> However, the financial information you choose to share can give lenders a much clearer picture of your income, spending and affordability \u2014 and in some circumstances, it may help you access credit that you might otherwise struggle to obtain.<\/p>\n\n\n\n Here’s what you need to know.<\/p>\n\n\n\n What's Included?<\/p>\n<\/span><\/div>\n