Your Experian Credit Score

A credit score is one way in which lenders determine whether to accept an application for credit. To generate an Experian Credit Score, Experian CreditExpert will combine the information on your credit report and your application, giving a number from 0 – 999, which indicates the level of risk involved to a lender.

Different lenders have different ways of generating a credit score, but an Experian Credit Score can give you a good indication of what results to expect. For more detail you can check your credit history, where you’ll find your financial transactions and associations listed, including:

  •  Electoral roll registration
  •  Credit accounts past and present
  •  Credit applications
  •  Court judgments, IVA's and bankruptcies
  •  Financial associations

You can see the information held on your credit file with a 30-day trial of Experian CreditExpert. This trial is for new members and allows unlimited access to your credit report online. At the end of the 30-day trial, which starts on registration, you can continue to access your credit report for an all-inclusive monthly fee, for an ongoing source of accurate credit history information. As the UK’s number 1 credit reference agency1 you can trust Experian CreditExpert to provide a reliable and easy to use service.

Calculating your score

A credit score is designed to be a prediction of how likely you are to repay a loan, on time. It gives lenders a way of deciding who they should and shouldn't lend to.

Those with a higher score are more likely to have their financial application accepted, whether borrowing money in the form of a mortgage, credit card or loan, or buying items on a buy now pay later basis.

What if I have a low score?

If you find that you have a low credit score you should look at your credit report to check that the information held on you is accurate. While missed or late payments, as well as other financial difficulties, can impact your credit score, there are other issues that could also cause problems. Check your credit report for inaccuracies, as well as suspicious activity caused by identity theft or fraud. You can apply to have any inaccuracies rectified in order to repair the damage to your credit score.

Check your Experian Credit Score

Checking your Experian Credit Score will mean that you are aware of the information held on you, and your borrowing prospects. This will allow you to make the right decisions to suit your circumstances.

Join the 5 million people who have already signed up to the Experian CreditExpert service and you can gain unlimited access to your Experian credit report and score.

1 UK's No.1 Source: CreditExpert is the UK's market leader by share of unique users. Comscore, Sept 2013