Find out more: from property to pets: what data does Experian collect about you?.If so, you should check if your Equifax credit report is up-to-date and accurate to boost your chances of getting approved. For example, you may apply for a mortgage with a particular lender which uses Equifax to check your credit report. There may be some instances where you'll need to use one particular agency. After a 30-day free trial, Experian's CreditExpert account and Transunion charge £14.99 a month, while Equifax costs £7.95 a month. You can do this for free and see a basic version of your report or you can opt for a paid subscription for more detail. So as the information held on you can differ between the credit reference agencies, it's best to check all three. This is because the amount of personal data in a credit report is growing, with individuals and companies starting to share more information about payment habits but not necessarily to all agencies.įor example, Experian Boost allows you to share data on regular payments such as your council tax bill and Netflix subscription to help boost your Experian credit score. Which credit reference agency should I use?Īll three agencies should hold the same basic information such as whether you're on the electoral roll at your current address and how much you currently owe lenders, but it's likely there'll be three slightly different versions of your credit report. Find out more: how to improve your credit score.Paying back what you owe on time, registering on the electoral roll, getting rental information linked to your report and maintaining a low credit balance can help you boost your score. So it's important to make sure your credit score is as high as possible. This can be tough as each credit reference agency might collect slightly different information and will have its own way of scoring.Įquifax's credit score scale change brings it almost in line with Experian's which ranges from 0 to 999 but you still might find it confusing as the bands don't correlate and TransUnion's credit score only goes up to 710.įor example, a score of less than 560 is 'very poor' with Experian and 'poor' with TransUnion but 'good' with Equifax. Lenders might check one, two, or all three agencies before approving your application, so it's important to ensure your score is in good shape with all three. The higher this number, the higher your chances of getting the best credit deals - but a good score from a credit reference agency is no guarantee your application will be successful. Each lender has its own system to score and decide whether or not to accept you as a customer, meaning you could be turned down by one, and successful with another.īut to give you a better idea of how your application might be viewed by lenders, credit reference agencies produce their own version of your credit score. There's no such thing as a universal credit score.
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