When you apply for credit, companies call upon your Data Self to decide whether to lend to you. It's made up of things like your credit history and your financial information. Your Experian Credit Score is a representation of your credit history, and knowing your free score gives you an idea of how lenders may view your Data Self.
A credit score, also known as a credit rating, is a number that reflects the likelihood of you paying credit back. Lenders like banks and credit card companies will look at your credit history when they calculate your credit score, which will show them the level of risk in lending to you. The higher your credit rating, the better your chances of being accepted for credit, at the best rates.
Your credit score influences your chances of getting:
You can get your Experian Credit Score without paying a penny, by signing up for a Free Experian Account. Your credit score will be updated every 30 days if you log in.
We’re able to provide your Experian Credit Score for free because we receive commission from some lenders and brokers when you use our comparison services, and click through to their site or make an application. This works in the same way as most of the insurance and utility comparison sites you’re probably familiar with.
To check your free Experian Credit Score, all you need to do is:1. Sign up for a Free Experian Account
We’ll ask for some details to verify who you are. You don’t need to provide credit card details, unless we have difficulty confirming your identity. Make sure to remember your username, password, and memorable word for the next time you log in.2. Log in to check your credit rating
Sign into your account through our website or app to see your Experian Credit Score – it’ll be updated every 30 days if you log in.
Your credit score is calculated whenever you apply for credit, such as a loan, credit card, mortgage, or even a mobile phone contract. How your score is worked out depends on the company you’re applying to – different companies have different methods, so your score may vary between them.
Usually, they’ll take into account:
Your credit rating helps companies decide whether to lend to you. It can also influence how much you can borrow, and at what rate.
The Experian Credit Score runs from 0-999. It’s based on information in your Experian Credit Report – such as how often you apply for credit, how much you owe, and whether you make payments on time.
You’ll lose points for having records on your report that may look negative to companies, such as late payments and defaults. You’ll gain points for things that companies usually view positively, such as consistently making payments on time and being on the electoral roll.
The higher your score, the greater your chances of getting the best credit deals. However, there’s no ‘magic’ number that will guarantee you approval. And because different companies may look for different things in their potential customers, you may be refused credit by one and accepted by another.
However, your Experian Credit Score can be a useful guide. It gives you an idea of how companies may see you, so you can make more informed choices when it comes to credit.
961 - 999
You should get the best credit cards, loans and mortgages (but there are no guarantees).
881 - 960
You should get most credit cards, loans and mortgages but the very best deals may reject you.
721 - 880
You might get OK interest rates but your credit limits may not be very high.
561 - 720
You might be accepted for credit cards, loans and mortgages but they may have higher interest rates.
0 - 560
You’re more likely to be rejected for most credit cards, loans and mortgages that are available.
Remember, your credit rating isn’t set it stone – it’s a living, breathing thing that can change with certain kinds of financial behaviour. So, it can go up or down over time. You can see your updated free Experian Credit Score every 30 days if you log in.