The 3 main Credit Referencing Agencies; Experian, Equifax and TransUnion, use different methods for working out an individual's credit score so there isn’t a single ‘magic number’ you can aspire to.
However, below are the 5 key things that make up your credit score;
Your current address and any previous addresses.
Financial credit agreements, such as loans, credit cards, mortgages, overdrafts, mobile phone contracts, car finance and any late or missed payments.
The number of applications for credit you have made, including those where you have been rejected.
Electoral roll information, any county court judgments (CCJs), bankruptcies or insolvencies.
This includes anyone you have taken out joint credit with – for example, a joint mortgage or bank account.
Factors that don’t affect your credit score
The following factors do not count towards your credit score;
Visit our blog for more information on your credit footprint.
Things that don’t impact your score