Generally speaking finding out what is a good credit score is a difficult question to answer, because there are so many factors involved in determining an individuals credit score.
Whilst a credit reference company will use a mathematical formula to calculate your credit worthiness, some lenders use their own credit checking criteria, which varies from lender to lender. Whilst one lender may include a piece of information from your credit file, another lender may choose not too.
There are certain things you can do however to ensure that you have a good credit score such as:
Regularly checking your credit file – by doing this will mean you can check that all information about you is correct. After all if you are applying for credit in your name, the lender will be credit checking you and nobody else. If there is incorrect information about you on your credit file, such as out of date credit agreements showing that you owe money, can have a negative impact on your credit file.
Are you shown on the Electoral Register? – this is something which you should ensure is done when you move house. Having your details on the Electoral Register shows the lender where you reside and they can determine how long you have been at a particular property. A lender will want to see stability in your housing arrangements.
You can find out what your credit score is by requesting your free credit check online.
