What is a good credit score out of 700 UK?

Asked by: Vickie Dietrich  |  Last update: February 9, 2022
Score: 4.2/5 (35 votes)

Equifax scores range from 0-700. 380-419 is considered a fair score. A score of 420-465 is considered good. A score of 466-700 is considered excellent (reference: https://www.finder.com/uk/equifax).

What is a good credit score out of 700?

Your score falls within the range of scores, from 670 to 739, which are considered Good. The average U.S. FICO® Score, 711, falls within the Good range.

What is the UK average credit score?

The average credit score in the UK is 383 with Equifax and 759 with Experian. There are three main Credit Reference Agencies (CRA) in the UK: Experian, Equifax and TransUnion.

Is 454 out of 700 a good credit score?

A 454 FICO® Score is significantly below the average credit score. Many lenders view consumers with scores in the Very Poor range as having unfavorable credit, and may reject their credit applications. Applicants with scores in this range may be required to pay extra fees or to put down deposits on credit cards.

Is 507 a good credit score UK?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 507 FICO® Score is significantly below the average credit score.

What's a good credit score? (UK)

20 related questions found

Why is my ClearScore so low?

With your credit limit, it's all about balance. Using too little (or no) credit could harm your score, as you're not able to prove to lenders how you manage credit. However, using too much of your credit limit could suggest to lenders that you'd struggle to repay any new debt. This can cause your credit score to drop.

Is 756 a good credit score UK?

A 756 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

Is 485 out of 700 a good credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 485 FICO® Score is significantly below the average credit score.

Is 786 a good credit score?

Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 786 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.

What is a high score on ClearScore?

At ClearScore, we show you your credit score provided to us by Experian (our data provider). This can range from 0 - 705, with 705 being the highest. The higher your score, the more likely you are to be offered credit. A higher score also means that you could be eligible for better interest rates and deals on credit.

Is 844 a good credit score?

A FICO® Score of 844 is well above the average credit score of 704. An 844 FICO® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.

Is a 700 credit score good to buy a house?

A conventional mortgage is often best for those with a credit score of 700 or higher. (Generally, the credit score requirement is 620 and above.) Benefits of a conventional loan include: Buy a house with as little as a 3% down payment.

Is 473 out of 700 a good credit score?

Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 473 FICO® Score is significantly below the average credit score.

What credit score do you need for a loan UK?

The scoring system for each of the agencies differs too. With Experian, your score's classed as good if it's above 880 out of a possible 999. For Equifax, you need to score over 420 out of 700. With TransUnion, the target is 781 or more out of a maximum 850.

Is 867 a good credit score?

An 867 credit score is excellent.

Is 877 a good credit score?

An 877 credit score is excellent. Before you can do anything to increase your 877 credit score, you need to identify what part of it needs to be improved, plain and simple. And in order to identify what needs to be improved, you should probably be aware of all the things that count and don't count towards your score.

Is 787 a good credit score?

A 787 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

Is 797 a good credit score UK?

380-419 is considered a fair score. A score of 420-465 is considered good. A score of 466-700 is considered excellent (reference: https://www.finder.com/uk/equifax). To get a peek at the other possible credit scores, you can go to 'What is a bad credit score'.

Can I buy a house with 756 credit score?

A 756 credit score is often considered very good — or even excellent. With excellent credit, your credit scores become more of a bridge and less of a roadblock — a high score can help you qualify for premium rewards credit cards, auto loans and mortgages with the best terms.

Is 879 a good credit score?

An 879 credit score is excellent.

What is the difference between ClearScore and Experian?

Experian is a credit reporting body. ... ClearScore is not a credit reporting body itself: it gives you access to the data that Experian holds on you. We do this for free, because we don't think people should have to pay to access their own information.

Does using Clearpay affect credit rating?

Using a credit card, store card or schemes like Laybuy, Clearpay or Klarna can damage your credit score if you miss a payment and fail to repay what you have borrowed. Missed payments or failure to pay back what you owe (known as defaulting) can be noted on your credit report and the mark can stay there for six years.

Why does credit score go down when you pay off debt?

If you pay off a credit card debt and close the account, the total amount of credit available to you decreases. As a result, your overall utilization may go up, leading to a drop in your credit score.