Your Experian Credit Score
Your Experian credit score can help you to understand how lenders view your
Before deciding whether or not to lend money, many organisations take your
Experian credit report, plus additional information from your application
form, and generate a credit score. This score predicts the risk involved in
granting you credit.
Calculating your score
Every lender uses a slightly different credit scoring formula that represents
its own and industry experience. This may be adjusted according to the type of
credit you are applying for. So every credit application could generate a
different credit score.
Credit scoring is designed to predict how likely you are to repay a loan and to
make your repayments on time. Over the years, automated credit scoring has proved
to be more accurate and consistent than subjective human judgement.
Credit scores range from 0 to 999. A higher score suggests that you will probably
find it easier to borrow money or buy goods on credit. Knowing your existing credit
score could help you take steps to improve it.
Your credit score will also change over time as the information in your
credit history and on your
credit application form changes, the credit score changes too. You should check
your Experian Credit Score regularly, so you keep up to date with your
How to check your Experian Credit Score?
The first step in understanding your Experian Credit Score should be to
to CreditExpert, the online credit monitoring
and Identity Fraud Expenses Insurance
service from Experian. Sign up for a 30-day trial and get unlimited access to your
Experian Credit Report and Score.