What is eligibility?

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Find out your chance of acceptance before you apply for credit cards and personal loans

Financial products are hard to understand and even harder to compare. So when you need credit, it can be a real headache to go through all the options to pick the right one. Plus, once you’ve made a choice, you don’t even know if your application is likely to be approved.

Experian can help make comparing credit cards and personal loans easier by showing you your chance of being approved before you apply.

This is called your eligibility rating. We calculate it by looking at your credit information and the lender’s criteria.

Your eligibility rating is your likelihood of getting accepted, based on your credit information.

When you use Experian to search for credit cards and personal loans, you’ll see your eligibility next to each deal.

There are lots of factors to consider when picking a credit deal – along with showing you your eligibility rating, you can also compare the benefits and costs of each option.

How do we work out eligibility?

The eligibility rating shows you your chance of being accepted for credit cards and personal loans.

Experian - Eligibility Rating

Not only does Experian help take the guesswork out †† of searching for credit, it also helps protect your credit score. This is because making several credit applications in a short space of time can look bad on your credit report, and can even cause your score to go down.

You can use Experian to compare multiple credit deals which won't affect your credit report or score and helps you avoid making multiple hard credit applications.

Pre-approval is the highest eligibility rating – letting you know your application should be approved and at the rates shown.

Getting pre-approved

If you’re looking for a credit card, in some cases you might even be pre-approved. This means that if you apply for that card, your application should be successful – but the final approval is at the lender’s discretion so it’s worth understanding that certain conditions could apply.

The lender will need to carry out its usual checks, such as ID verification, and assessing the information on your application form, before you know you’re approved. There are some situations which could invalidate your pre-approval, such as your circumstances changing or applying for multiple products at once or not applying via Experian's comparison service.

After you’ve picked the credit deal you want, you’ll click through to apply with the lender.

Use Experian to help put yourself in the best position possible when you’re looking for credit cards and personal loans – find out how eligible you are before you apply.

We are a credit broker and not a lender. †

Get your free Experian Credit Score & Compare

We are a credit broker not a lender

With the free Experian account you’ll get:

  • Your Experian Credit Score, updated every 30 days if you log in
  • Compare credit cards, mortgages, loans, insurance and energy offers
  • See your eligibility rating before you apply for credit cards and personal loans
  • Get updates about your eligibility for credit cards and personal loans