Check Your Credit Score
Curious about your credit score? Check it for free using Your Credit Score, with no impact on your credit file.
A credit score is a number calculated by each of the three main credit reference agencies in the UK. This number can give lenders an indication of how likely you are to repay anything you borrow, based on your track-record of using credit and managing your finances.
The higher it is, the better your chances of being accepted when you apply for credit/getting better offers. Your score can change over time, just as your circumstances do.
For a quick summary, watch our short video.
Helping you understand credit scores.
When you apply for a credit card or loan, lenders consider a number of factors to decide whether they can lend to you responsibly. One of them is called a credit score.
If you also have a good payment history on all your accounts, have low outstanding debts, and are able to afford your repayments, a good credit score means you’re more likely to be seen as a lower credit risk. And usually, the higher your credit score the better.
A good credit score will mean: you’ll have a greater chance of being offered credit, possibly at lower interest rates, meaning cheaper borrowing, and you’ll be more likely to be offered higher credit limits.
Credit reference agencies hold information on people’s identity, address and personal financial history. These agencies get some of their information from public records, such as the electoral register, and from court records. They’ll also have info from other lenders, showing if you made repayments on time.
Many lenders offer eligibility checkers. Ours is called Simple Check. And it can help you find out which credit cards you might be able to apply for. Your answers to eligibility checker questions won’t affect your credit score, as they’re not given to credit reference agencies.
Let’s look at some ways you can help improve your credit score:
- Make sure you’re registered as a voter.
- Be sure to pay your bills on time.
- Clear your debts as soon as you can.
- Don’t regularly max out your credit card limit.
- And avoid applying for lots of credit cards or loans at the same time.
We hope you found this info helpful. Thanks for watching!
How much we’ll lend and the rate offered are subject to our assessment of your circumstances. Your credit score is just one of the things we take into account when deciding whether to lend to you.
Credit score data is provided by TransUnion.
Your Credit Score is available to UK Residents 18 and over registered for Online Banking.