A lower credit score means you might be seen as a high risk borrower. For example, if your credit report shows that you've defaulted on a previous debt, your credit score is likely to be lower.
According to customer review site Trustpilot, ClearScore is a "great' company, with a score of 4.1 out of 5.0, based on almost 5,000 reviews. 71% of reviewers deemed it to be "excellent", with reports of good customer service and a fast turnaround time on correcting inaccurate information included in credit reports.
Can ClearScore change the information on my report? Because ClearScore shows you your Experian credit report, we can't change any of the information ourselves. We simply show you the information Experian currently hold about you.
What's the difference between ClearScore and Equifax? Equifax is a credit reference agency. ... ClearScore is not a credit reference agency itself: it gives you access to the data that Equifax holds on you. We do this for free, because we don't think people should have to pay to access their own information.
ClearScore clearly advertise on their app that the average UK ClearScore credit score is 414, which puts most people in the 'fair' bracket.
Experian's score is out of 999, TransUnions' is 710 and Equifax, the CRA that we use here at ClearScore use, have 1000.
A credit score of 721-880 is considered fair. A score of 881-960 is considered good. A score of 961-999 is considered excellent (reference: https://www.experian.co.uk/consumer/guides/good-credit-score.html). ... A credit score of 604-627 is good.
Pay on Time, Every Time
Your payment history is the most important factor in determining your credit score. Making on-time payments every month is crucial to getting your credit score above 700. If you have some late payments on your credit report, it may make it more difficult to build your credit score.
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.
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. Each CRA uses a different scale to assign a credit score so it's important to know each one.
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.
With Equifax, scores generally run from 300 to 700 with anything over 420 considered good. Our Credit Monitor service uses credit information from TransUnion, where scores range from 0 to 710 and a very good score would be anything from 604 and above.
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 497 FICO® Score is significantly below the average credit score.
It's completely safe and secure, and you can unlink at any time. Linking your accounts gives you the option to share your data with banks, lenders and other product providers. If they have a more detailed picture of your income and spending, they might give you better deals when you apply for credit.
Your score falls within the range of scores, from 300 to 579, considered Very Poor. A 464 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.
On the FICO® Score☉ 8 scale of 300 to 850, one of the credit scores lenders most frequently use, a bad credit score is one below 670. More specifically, a score between 580 and 669 is considered fair, and one between 300 and 579 is poor. The table below offers more detail on where scores fall.
Your score falls within the range of scores, from 580 to 669, considered Fair. A 583 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.
So, given the fact that the average credit score for people in their 20s is 630 and a “good” credit score is typically around 700, it's safe to say a good credit score in your 20s is in the high 600s or low 700s.
An 867 credit score is excellent.
How strict are Halifax as a mortgage lender? All high street mortgage lenders are strict in the sense that they're likely to reject an application that falls outside of their lending criteria. That said, Halifax are known to cater for first-time buyers, low-income customers and even people with certain credit issues.
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.