Banks, lenders or financial institutions are companies that can lend you money. They use your credit score, report and their own checks to decide whether or not to offer you credit.
Examples of financial institutions include:
- Banks and building societies
- Mortgage lenders
- Credit card providers
- Loan providers
- Utility companies (e.g. gas, electricity)
- Mobile phone contract providers
- Broadband, TV and phone line package providers
- Insurance companies (e.g. house, car and life).