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.

Sign up to get your credit report*

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:

  •  missed or late payments
  •  maxed-out finances
  •  wrong/unfinished address history
  •  County Court Judgments (CCJs)
  •  bankruptcy
  •  Individual Voluntary Arrangements (IVAs)
  •  financial associations

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?

  •  Buying something big – maybe a house or a car. Understanding your Experian Credit Report and Score will let you see how likely you are to get accepted for credit like a mortgage or car finance and if you find that you’ve got a low score, you can correct any information that is wrong and take steps to improve your situation.
  •  Being refused for credit. Checking before you apply will help you see what might cause a problem and how to fix it, like adding a notice of correction to explain any missed or late payments.
  •  Applying for a new job – some employers run credit checks on people that want to work for them. Making sure that there's nothing on your credit report that could be a problem for an employer will help you avoid missing out.
  •  Renting – there are some landlords and agencies that will want to know what you are like with your finances, as they don’t want to take the risk that you might not be able to pay your rent each month. Checking your report and making sure it gives the right impression can help.
  •  Worried about identity theft. Checking your credit report regularly and receiving alerts about certain changes to your credit report can help you spot things you don’t recognise, which can show whether you are being targeted.