What is my credit rating?
A credit rating is a score based on your financial history, designed to help
lenders to lend responsibly and profitably.
A credit rating is one of those invisible factors that can actually play a
significant role in your life. Not only can a poor credit rating exclude you
from offers, products and services, it could affect your ability to open a
bank account, get certain employment or even get a roof over your head.
Some people know they have a poor credit rating and know why. Over-extended
borrowings that were not repaid, difficulties with repaying mortgages or simply
But if you have none of this in your past, why would you want to see and monitor
your credit rating?
Why check my credit rating?
People often ask, “Why should I check my credit rating?” Here
are a few reasons:
- Your credit report is
updated regularly and this can affect your credit rating. Monitoring means
you can deal with problems before they become a barrier to your ability to
- ID fraud is becoming increasingly common. Credit monitoring will alert
you to any fraudulent activity occurring in your name. If you become a victim
of identity fraud the Identity Fraud Expenses Insurance provided to you as a
CreditExpert member can protect you against expenses that you may incur as
- If you have had some indiscretions in your past, monitoring enables you
to see when your credit rating has recovered
How do I check my credit rating?
credit check will help you keep track of your credit-rating. Experian
is the UK's largest credit
reference agency and offers a service that allows you to monitor your
Get your 30-day trial of Experian CreditExpert, the leading monitoring service, and get unlimited access to your report and score.