Your Credit Score
Thinking about applying for credit? Check Your Credit Score for free, with no impact on your credit file.
A low credit score could make it harder to get credit, but you can work to improve it.
The measurement scale used by each credit reference agency varies but, as a general rule, the higher the number, the stronger your chances are of being accepted when you make a credit application.
Having a low score doesn’t always mean an application won’t be accepted – lenders and service providers also consider other factors, like affordability and any past account history – it may just mean that you’re offered higher interest rates, and a more limited amount of credit.
Below are examples from the credit reference agencies Lloyds Bank use:
Excellent |
Very good |
Good |
Poor |
Very poor |
---|---|---|---|---|
Excellent961 - 999 |
Very good881 - 960 |
Good721 - 880 |
Poor561 - 720 |
Very poor0 - 560 |
Excellent |
Very good |
Good |
Poor |
Very poor |
---|---|---|---|---|
Excellent811 - 1000 |
Very good671 - 810 |
Good531 - 670 |
Poor439 - 530 |
Very poor0 - 438 |
Excellent |
Good |
Ok |
Needs some work |
Needs work |
---|---|---|---|---|
Excellent628 - 710 |
Good604 - 627 |
Ok586 - 603 |
Needs some work551 - 585 |
Needs work0 - 550 |
Credit reference agencies collect information from public records, lenders and other service providers. Factors which could impact your credit score include:
Your address links your financial activity and identity, helping to prevent fraud. Having the same address for a long period implies that your circumstances are reasonably stable.
Things like bank accounts, mortgages and even utility bills may create a financial link between you and any joint account holders. This may impact your future credit eligibility if the joint account holder doesn’t have a good credit score.
People you’re linked to financially will show on your credit record. If you’re no longer linked to someone, you could contact each credit reference agency to submit a notice of disassociation.