Credit Score

Experian CreditExpert has a mobile app

Did you know we now have a mobile app for CreditExpert members? Yes, that’s right – you can now use CreditExpert on the go to see your Experian Credit Score and a whole lot more.

How to use the CreditExpert app

If you’re an active CreditExpert member, you can get quick access to key important information from your Experian Credit Report, see your Experian Credit Score and get alerts to certain changes to your report.

To see a full score history for the last 6 months you must have had an active account and logged in at least once a month.

It’s compatible with iPhone, iPad, and iPod touch (iOS 8.0 or later), as well mobile phones that run on Android 4.0.3 and up. At the moment it is not yet available for tablets. All you have to do is download the app on either iTunes or Android.

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What’s the average Experian Credit Score where you live?

Average Experian Credit Score in Edinburgh What’s your Experian Credit Score?  We wanted to see if there were any significant differences in the average Experian Credit Score in different UK cities – from a variety of locations.

The Experian Credit Score runs from 0-999, and usually a higher score means you’re seen as lower risk, which means you could be more likely to get a credit card, a loan or a mortgage, and at better rates too.

You may have seen some of our posters beside major roads, or if you’re in London, on tube platforms. If you have, I hope you saw your local area listed!

We looked at the average Experian Credit Score in ten of the largest local authority areas outside of London, based on Experian customers who joined between January and September 2016. Continue reading

What is a good credit score?

A good credit score

A “good” credit score depends on the scoring system used by your particular lender – there’s no one credit score or magic number – different lenders score differently.

However, if you have a good credit score from one of the main credit reporting agencies such as Experian, you are likely to have a good credit score with your lender.

Get my credit score FREE FOREVER

  • The Experian Credit Score runs from 0-999 and is an indication of how lenders may view you.
  • It is based on the information in your Experian Credit Report
  • The higher your score, the greater the chance you have of getting the best credit deals

To get your Experian Credit Score FREE forever, sign up to CreditMatcher, a free independent service that helps you compare credit deals you’re more likely to get, based on your credit information.  We are a credit broker not a lender, working with selected lenders.†*

Credit score bands

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Experian Credit Score is now FREE. FOREVER.

The cat’s out of the bag – for the first time, the UK’s most trusted credit score* is now free, for everyone**, forever.

That’s right – the Experian Credit Score, which shows you how lenders may view you, and can be a useful thing to know when you are thinking of applying for credit.

To get your Experian Credit Score FREE forever, sign up to our new CreditMatchera free independent service that helps you compare credit deals you’re more likely to get, based on your credit information.  We are a credit broker not a lender, working with selected lenders†.

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Are you registered to vote? It could help your credit report

Are you registered to vote in the UK? It could help your credit report.

The EU referendum takes place on 23 June, and you must have registered on the electoral roll by 7 June in order to be eligible to vote in it.  For a postal vote, your application needs to arrive by 5pm on 8 June, while the proxy vote (someone else voting on your behalf) deadline is 5pm on 15 June.

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Remortgaging: how can I improve my credit score?

Many homeowners may find that once that their deal comes to an end, their interest rate and mortgage payments may well go up. This could be a good time to check out whether you can re-mortgage and get a lower rate elsewhere.

In this case you are generally going to be taking out a mortgage which is the same size as the one you already had. Your monthly payments may be higher or lower than you currently pay, depending on the mortgage you go for. Alternatively, you may just want the stability of a fixed rate, if you’ve been on a variable rate that you think may fluctuate.

It can take a few months to process a mortgage application, so it’s best not to wait until your current deal ends before you start looking around. Watch our new #AskExperian video to find out what some of the options are.

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How can I improve my credit score?

Everyone has an Experian Credit Score. Looking after it, nurturing, growing and improving it can help you get a better rate on loans, credit card or mortgages. Some simple steps can help you improve your credit score:

  1.  Stay within credit limits and keep balances low – The lower your overall balances (not including mortgage), the better.
  2.  Try not to make too many applications for credit – each application is recorded on your credit report – the fewer you’ve made in the last 6 months, the better.
  3. Make sure all bills are paid on time – Missed or late payments can have a big impact, but paying on time can really help your score.
  4.  Register to vote at your current address – lenders use the electoral roll to help confirm who you are and where you live.
  5. Review your credit report regularly – make sure it’s up to date and in good shape for when you’re ready to apply for credit.

It can also help you keep an eye on your progress while you maintain or improve your credit score before you apply.

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Calling first time buyers and home improvers!

This coming weekend Experian’s experts are on the road at two home shows in different parts of the country, and we’re looking forward to meeting you.

First Time Buyer Home Show, Croydon, Sat 16 April  #FTBHomeShow
On Saturday 16th April we’ll be at the First Time Buyer Home Show (free entry!) at Fairfield Halls in Croydon, from 10am to 4pm, helping to show how improving and maintaining your credit report can put you in the best position to get a first mortgage.

At 3.30pm Jill O’Connor from Experian will be giving a seminar on how your credit report is made up, what you need to look out for and how you can go about improving your financial situation.

Experian research in December 2014* found that more than a quarter of people in the UK looking to buy their first home before 2016 – around 1.81 million people  – had missed credit repayments, defaulted accounts and CCJs currently listed on their credit report. Continue reading

Smartphones and your credit score: how they’re linked

The new iPhone SE officially goes on sale in the UK on 31st March, and marks a move to a smaller model, one that is designed to appeal to a broader range of customers. Intended as the new ’entry-level’ model, the 4-inch SE is actually the first one that isn’t a number.

Around half the population currently owns a smartphone, and the market is hugely competitive, with all sorts of attractive deals available.

But with expensive handsets on long contracts, providers need to be comfortable that you are going to make your monthly payments on time each month.

It may surprise some people, but mobile phone contracts are actually credit agreements. Applying for a mobile phone contract is not much different than applying to a credit card provider or a bank – they are normally going to look at the information on your application form and in your credit report to give you a credit score. Continue reading