APR

It lets you compare credit products. The advertised "representative APR" must be offered to at least 51% of the people who are accepted, so the rate you get may be higher. For credit cardsHow Credit Cards Work in the UKHow UK credit cards work: interest, APR, minimum payments, interest-free periods, fees, Section 75 protection and how to use a card without getting into debt.Read more →, the interest is normally charged daily.

APR is not the whole story. Compare the total amount repayable and look at fees, especially for loans and balance transfersBalance Transfer Credit Cards ExplainedHow balance transfer cards work in the UK: 0% periods, transfer fees, eligibility, risks and how to use one to pay down card debt without making things worse.Read more →.

You can check your credit reportsCredit reportA credit report is a record of your borrowing and repayment history, held by credit reference agencies and used by lenders to assess you.Read more → for free, and you should never need to pay for a credit score or report.