Some things that can determine your credit score might include... Financial organisations, lenders and utility companies usually use credit scores to determine if your application will be approved. Your credit score is made up of: your name, past and present addresses, how much credit is available to you, how often you apply for credit, how timely your bill and loan payments are, how many individuals you are linked to financially, any past court judgments, bankruptcies or insolvencies, any store credit accounts you hold, CIFAS fraud, and how long your bank account has been open.
There are many reasons why your credit score may be checked, and various ways it can be impacted. Sainsbury's Bank have put together a fun visual guide to managing and improving your credit score - http://www.sainsburysbank.co.uk/library/default/resources/guide-to-managing-and-improving-your-credit-score.pdf
Infographic by: sainsburysbank
There are many reasons why your credit score may be checked, and various ways it can be impacted. Sainsbury's Bank have put together a fun visual guide to managing and improving your credit score - http://www.sainsburysbank.co.uk/library/default/resources/guide-to-managing-and-improving-your-credit-score.pdf
Infographic by: sainsburysbank
