You can also see the factors that impact how your credit score is calculated. It lets you see your credit information from TransUnion – one of the three main credit reference agencies in the UK. Some lenders offer tools to check your credit score for free, with no impact on your credit file. They will also have information from other lenders, showing if you made repayments on time. These agencies will use information from public records, such as the electoral register, and court records. They hold information about most adults in the UK including their identity, address and personal finance history. And usually, the higher your credit score, the better.Ī good credit score will mean you will have a greater chance of being offered credit, possibly at lower interest rates, meaning it will cost you less to borrow and you’re more likely to be offered higher credit limits.Ĭredit reference agencies are independent businesses that help lenders and other organisations to make informed, responsible decisions. 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. When you apply for a credit card or loan, lenders will look at certain credit-related information about you to decide if they can lend to you responsibly. Helping you to better understand credit scores. We’ve teamed up with TransUnion, one of the three main credit reference agencies in the UK, to provide this service. You can check your score whenever you like, for free, with no impact on your credit file.Once registered, you can check/see your score, along with tailored hints and tips on how you might be able to improve it.
We’ll ask you to confirm your name, date of birth and address history, and check that you’re happy for us to share them with TransUnion to request your credit information on your behalf.Credit score data is provided by TransUnion.
TransUnion are one of the three main credit reference agencies in the UK, along with Equifax and Experian.
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Your Credit Score is a free service provided by Lloyds Bank.
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