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Information on your credit report

A credit score is a number calculated based on the information in your credit report. It represents your creditworthiness and the likelihood of you making repayments. Each credit reference agency has a different version of a credit score and most lenders generate their own score based on the information in your credit report. A high score means you’re more likely to be accepted for credit.

Your credit rating is an assessment of your creditworthiness based primarily upon your history of borrowing and repayment. The higher your credit rating, the lower your credit risk and the more likely you are to have your application for credit accepted.

Remember, a high credit rating isn’t a guarantee you’ll be accepted for products you apply for, nor does a lower rating mean you’ll be turned down, as this is at the sole discretion of the product provider. Every credit provider will have their own rules and use a combination of the following to aid in decision-making:

  1. Information supplied in your application.
  2. Information supplied by a credit reference agency. We help lenders check if you're on the Electoral Register at your current address; if you've paid your credit commitments on time; and if you have insolvencies or County Court Judgments.
  3. Details about any existing accounts you already hold with the lender
  4. The lender’s in-house policies and rules