Credit scores are a key part of financial systems in the UK. MoneyPlus explains how they work and what types of actions can impact your score. Credit reports play a vital role in private financial agreements in the UK. Without a credit score, the average person in the UK wouldn’t be able to apply for…
A credit score is a simplified overview of your credit history, giving lenders and prospective loan providers a general idea of your previous credit commitments, repayments and reliability. Currently in the UK, credit scores are measured by three credit reference agencies (Experian, Equifax and TransUnion), who monitor and allow you to check your credit score.…
