A credit check is actually a good thing
*A monthly fee of £14.99 applies after your free trial. You may cancel during your 30-day free trial without charge
They sound like something only companies do but with Experian CreditExpert, you can as well. Interested in knowing what your financial history looks like, what your Experian Credit Score is? Using our service you can see things like how many accounts you have, how much you owe on loans and your previous addresses that are recorded on your Experian Credit Report.
All you need to do is sign up for a 30-day free trial* to Experian CreditExpert and you’ll be able to run your own checks, whenever you like, as much as you like.
A monthly fee of £14.99 applies after your free trial.
You may cancel during your 30-day free trial without charge.
Credit checks might sound complicated but we can make them easy
That all sounds great but what exactly does it mean?
Every time you apply to borrow money, whether it is for a loan, a mortgage or even to get a mobile phone contract, your financial position will be looked at. This will let the bank, company or lender see your credit history and then, combining this with information on your application, they will give you their own credit score. Using this, they’ll then decide whether they will lend you the credit you have applied for.
Things that they often look out for are:
If you’ve got a history of paying things off on time and you have a high credit score, your chances of being accepted for that loan or mortgage are much better than if you have missed payments, maxed out credit cards and a low score.
If companies already run these credit checks, do I need to run my own?
By checking your credit report you can see the information that banks and lenders see before you even apply for anything. That means you’ve got the information you need to make the right choices. How does that work in practice?