What's in a credit score?

*A monthly fee of £14.99 applies after your free trial. You may cancel during your 30-day free trial without charge

You’ve heard of them, you know they are important but you want to know why? Your credit score acts as a straight forward way of showing how good you are at managing your finances. Banks and lenders will calculate their own score and use it to decide on whether they should or shouldn’t lend you money. We calculate yours by using what’s on your credit report, giving you a number between 0 and 999.

Different companies have different ways of making a credit score so it won’t be the same everywhere but ours can give you a good idea of how you may be viewed by a lender.

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A monthly fee of £14.99 applies after your free trial.
You may cancel during your 30-day free trial without charge.


What your credit score does for you

So how does it all work?

As your credit score tells banks and other lenders how likely you are to repay money you’ve borrowed, the better it is the better your chances are of getting a credit card, a loan or even a mortgage, along with great rates for each.

That means that having a high score usually shows you are able to pay back what you borrow on time and so you’re more likely to get accepted when you apply for credit.

How do I get a better score?

If you have a low score or there is room to improve, checking your credit report can tell whether the information on it is correct and what could be affecting your score. We give you full explanations on why, like:

  •  missed or late payments
  •  lots of credit searches made on you
  •  maxed-out credit cards

Going through your report and checking for mistakes or activity that you don’t recognise can even help you spot if you’re being targeted for identity theft and fraud.