How to check your credit score

Having a good credit score can boost your chances of being accepted for credit. Here's how to check yours.

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When you apply for any form of credit, such as a credit card, personal loan or mortgage, one of the first things a lender will do is check that your credit score is up to scratch.

Your credit score effectively shows how well you’ve managed credit in the past. The higher your score, the more likely any credit applications you make will be accepted, whereas the lower your score, the harder you’ll find it to borrow.

What does your credit score mean

Take control of your score with Credit Monitor 

Credit Monitor gives you your credit score for free. Plus you’ll get handy, personalised tips to help you potentially boost your score, and you can keep track of when your score goes up or down.

We’ll keep an eye on your credit file and let you know about any activity that could be a potential sign of fraud, so you can act on it quickly to make sure your score isn’t negatively impacted.

Check and understand your report

Other ways to check your score

There are three main credit reference agencies, Experian, TransUnion and Equifax, all of which will have a record of your credit rating. You can get a copy of your statutory credit file for free from any of these agencies.  Your statutory report provides information about your credit history, but doesn’t include extras such as credit monitoring services or fraud alerts.

How your credit score is shown

Different credit reference agencies show your score in different ways. Regardless of which numbers are used, the higher the score you get, the better your credit score is.

If your score isn’t what you were expecting, make sure there aren’t any irregularities in your credit report. For example, can you spot any information that is incorrect, such as missed payments when you know you paid on time?

If you find something wrong, let the relevant company know so they can amend their records, and put a ‘notice of correction’ on your credit report explaining why the information shown is incorrect.

Bear in mind that your credit score will form only part of any lender’s decision whether or not to lend to you.

They will all base their decisions on different criteria, so just because you are refused by one provider, that doesn’t necessarily mean you will be turned down by them all.

It’s also important you don’t make multiple credit applications at the same time or in quick succession, as this could damage your credit score.

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Get clued up on credit scoring