How to Check my Credit Score

How much is a credit rating?

The credit score is determined on the basis of the information in your credit reports and is computed by the credit bureau that prepared the credit reports. In the United Kingdom there are three important credit agencies: Creditors will use the information provided by one or more of these credit rating agencies to determine whether they are offering credit, how much they are offering and, in some cases, what interest they are charging.

What can you do to check your creditworthiness? With all three credit bureaus, you can sign up for a free evaluation version to check your credit rating and creditworthiness. You can also check your creditworthiness with Equifax's clearance score by gaining free entry to your reports.

If you have a low credit score, what if? When you have a low credit score, check that all the information on your credit reports is inaccurate. When you have verified that all information is true but you still have a bad credit standing, you may be denied credit by some creditors.

Good thing is that all creditors make their choices based on their own individual considerations, so rejection by one creditor does not mean that they will not be acceptable to another. Don't request credit from multiple vendors in a hurry as this can affect your credit rating.

When you have refused an applicant for credit, try to establish your creditworthiness before reapplying. Terminate your credit and debit card, make timely payments and reduce your debt. Possibly we can provide a loan if other creditors have refused an agreement, but this is not always the case.