How does the credit rating scale work?

It’s all very well getting your credit rating. But if you don’t understand the meaning behind the numbers, you won’t know whether your credit history is jeopardising your chances of getting credit.

What is credit scoring?

It’s a score out of five, generated based on the information in your credit file. The rating is generated by us for your information and reference: it is not provided to lender, as they will have their own criteria for deciding what level of credit risk you pose.

To get a brief explanation of what each number on the scale means visit out desktop site.

How is your credit rating calculated?

In a nutshell, it’s calculated  using public and financial information from your credit report. This includes:

Where can I get my credit rating?

You can access your statutory credit report using the link below:

Sign up today to see how your credit history could be affecting your credit applications.