What is a credit score?

A credit score is a number that is calculated based on the information in your credit report. It represents the creditworthiness of that person and the likelihood of them 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 they are more likely to be accepted for credit.

FAQ: What does my credit rating/score mean?