{"id":26914,"date":"2025-06-02T14:41:06","date_gmt":"2025-06-02T14:41:06","guid":{"rendered":"https:\/\/www.lendingstream.co.uk\/blog\/?p=26914"},"modified":"2025-12-23T10:04:36","modified_gmt":"2025-12-23T10:04:36","slug":"good-credit-score","status":"publish","type":"post","link":"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/","title":{"rendered":"What is a Good Credit Score in UK? Everything You Need to Know"},"content":{"rendered":"\n<p>When it comes to credit scores, there are a lot of myths and misconceptions. People often think that they need a perfect credit score to get approved for a loan or mortgage. However, this isn\u2019t true. As long as your score is above 700, you should be approved for most <a href=\"https:\/\/www.lendingstream.co.uk\/loans\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>loans<\/strong><\/a>.<\/p>\n\n\n\n<p>If you want to know more about what makes a good credit score in the UK, read on. We\u2019ll tell you <a href=\"https:\/\/www.lendingstream.co.uk\/blog\/what-affects-your-credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>what affects your credit score<\/strong><\/a> and what you can do to improve it.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f2823a2174e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f2823a2174e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#what_is_a_credit_score\" >What is a Credit Score?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#what_is_considered_as_a_good_credit_score_in_the_uk\" >What is Considered as a Good Credit Score in the UK?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#how_is_a_credit_score_calculated\" >How is a Credit Score Calculated?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#1_payment_history\" >1. Payment History<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#2_outstanding_debts\" >2. Outstanding Debts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#3_length_of_credit_history\" >3. Length of Credit History<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#4_types_of_credit_in_use\" >4. Types of Credit in Use<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#how_to_check_your_credit_score_in_the_uk_for_free\" >How To Check Your Credit Score in the UK for Free?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#how_to_get_started_on_improving_your_credit_score\" >How to Get Started on Improving Your Credit Score?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#1_check_your_credit_report_for_errors\" >1. Check Your Credit Report for Errors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#2_make_all_your_payments_on_time\" >2. Make all Your Payments on Time<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#3_use_a_credit_monitoring_service\" >3. Use a Credit Monitoring Service<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#4_keep_your_credit_card_balances_low\" >4. Keep Your Credit Card Balances Low<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#5_avoid_opening_new_accounts_if_you_dont_need_to\" >5. Avoid Opening New Accounts If You Don\u2019t Need To<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#what_are_the_benefits_of_having_a_good_credit_score\" >What are the Benefits of Having a Good Credit Score?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#faqs_what_is_a_good_credit_score\" >FAQs: What is a good credit score?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#what_is_the_difference_between_a_credit_score_and_a_credit_rating\" >What is the Difference Between a Credit Score and a Credit Rating?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.lendingstream.co.uk\/blog\/good-credit-score\/#what_is_the_average_credit_score_in_the_uk\" >What is the Average Credit Score in the UK?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what_is_a_credit_score\"><\/span><strong>What is a Credit Score?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A credit score is a number that reflects how well you\u2019ve managed your money in the past. It gives lenders an idea of how risky it would be to lend to you.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Your credit score<\/td><td>How risky to lend to you<\/td><\/tr><tr><td>High score<\/td><td>Low risk<\/td><\/tr><tr><td>Low score<\/td><td>High risk<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>You can find out what your credit score is by registering with one of the three Credit Reference Agencies (CRAs). They are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/experian\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Experian<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/equifax\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Equifax<\/strong><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/transunion\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TransUnion<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p>Your credit score with each of these agencies will be different. This is because they don\u2019t all use the same ranges to determine whether your score is good or poor. But don\u2019t worry if the number is different with each agency. If your credit score with one agency is good, it\u2019s likely to be good with the other two agencies too.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what_is_considered_as_a_good_credit_score_in_the_uk\"><\/span><strong>What is Considered as a Good Credit Score in the UK?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A good credit score range in the UK is one that falls in the upper ranges set by the three main CRAs. These agencies have their own scoring range that they use to rate your credit score, from very poor to excellent. This makes it hard to get one number that fits all three. But in general, a good credit score in the UK is anything above 700.<\/p>\n\n\n\n<p>To find out if your credit score is a good one, you\u2019d have to check with these agencies individually. <strong>Our table below shows the ranges each of the <a href=\"https:\/\/www.lendingstream.co.uk\/blog\/credit-reference-agencies\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit reference agencies<\/a> use.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Credit Score Range<\/strong><\/td><td><strong>Very Poor\/Poor<\/strong><\/td><td><strong>Fair<\/strong><\/td><td><strong>Good\/Very Good<\/strong><\/td><td><strong>Excellent<\/strong><\/td><\/tr><tr><td><strong>Experian<\/strong><\/td><td>0-640<\/td><td>641-860<\/td><td>861-1120<\/td><td>1121-1250<\/td><\/tr><tr><td><strong>Equifax<\/strong><\/td><td>0-438<\/td><td>439-530<\/td><td>531-810<\/td><td>811-1,000<\/td><\/tr><tr><td><strong>TransUnion<\/strong><\/td><td>0-565<\/td><td>566-603<\/td><td>604-627<\/td><td>628-710<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how_is_a_credit_score_calculated\"><\/span><strong>How is a Credit Score Calculated?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Credit scores are calculated using information on your credit report. The following factors have the biggest impact on your score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_payment_history\"><\/span><strong>1. Payment History<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Your payment history is one of the most important factors in determining your credit score. It shows if you\u2019ve paid your bills on time and in full. Your payment history is a good indicator of how good you are at managing debt. It helps lenders assess how likely you are to pay back your loans.<\/p>\n\n\n\n<p><strong>There are a few things you can do to improve your payment history:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Pay your bills on time, every time. This includes credit card bills, utility bills, mortgage payments, etc.<\/li>\n\n\n\n<li>If you\u2019re having trouble making ends meet, consider meeting with a financial advisor to create a budget. If you monitor your spending, you\u2019ll see where you can cut back and make savings.<\/li>\n\n\n\n<li>If you\u2019ve missed a payment in the past, make sure you catch up as soon as possible. The longer you leave it, the more damage it\u2019ll do to your credit score.<\/li>\n<\/ul>\n\n\n\n<p>Following these simple steps can help you improve your payment history and keep your credit score healthy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_outstanding_debts\"><\/span><strong>2. Outstanding Debts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Outstanding debts are any money that you still owe to lenders. This could include things like credit card balances or personal loans. Having outstanding debts can lower your poor credit score. It shows that you\u2019re not managing your finances effectively. Especially if over 40% of your income is used to repay your debts.<\/p>\n\n\n\n<p>To get higher credit scores, it\u2019s important that you pay off your outstanding debts as soon as you can. This will show lenders that you\u2019re a responsible borrower. If you\u2019ve got more than one credit card, close one of them down once it\u2019s paid off. It\u2019ll help you get approved for loans in the future.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_length_of_credit_history\"><\/span><strong>3. Length of Credit History<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The length of your credit history is the third most important factor in your credit score. This is the length of time you\u2019ve been borrowing money.<\/p>\n\n\n\n<p>A long credit history shows lenders that you\u2019re a responsible borrower. It shows that you can be trusted to repay your debts. It helps lenders predict how you\u2019ll manage new debt in the future.<\/p>\n\n\n\n<p>If you have a short credit history, you can <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/improve-your-credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">improve your credit score<\/a><\/strong> by building up a good track record. It takes around 6 months to build your score, so be patient while your credit score starts to improve.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_types_of_credit_in_use\"><\/span><strong>4. Types of Credit in Use<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Another important factor in your credit score is with the different types of credit in your credit history. A variety of credit shows lenders that you can keep your money under control.<\/p>\n\n\n\n<p>The most common type of credit is <strong><a href=\"https:\/\/www.lendingstream.co.uk\/loans\/short-term-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">short term loans<\/a><\/strong>, <strong><a href=\"https:\/\/www.lendingstream.co.uk\/loans\/payday-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">payday loans<\/a><\/strong>, and credit cards. Other types of credit include instalment loans, such as car loans. With an instalment loan, you borrow a set amount of money. You then make fixed payments each month until the loan\u2019s paid off.<\/p>\n\n\n\n<p>Credit scoring models take all these factors into account to calculate your credit score. Different lenders may use different models, so your score may vary slightly depending on who checks it.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.lendingstream.co.uk\/\"><strong>Lending Stream<\/strong><\/a> offers short term loans that you pay back in instalments over 6 months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how_to_check_your_credit_score_in_the_uk_for_free\"><\/span><strong>How To Check Your Credit Score in the UK for Free?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you\u2019re looking for ways to find out your credit score for free in the UK, there are a few options available to you.<\/p>\n\n\n\n<p>You can check your credit report for free once a year with the three UK agencies \u2013 Experian, Equifax, and TransUnion.<\/p>\n\n\n\n<p>You can sign up online with Clearscore. They\u2019ll give your credit score for free based on information you provide. They\u2019ll also let you know what loans and credit cards you\u2019re more likely to be approved for.<\/p>\n\n\n\n<p>Some banks and financial institutions offer their customers free access to their credit score. If you\u2019re not sure whether your bank offers this service, give them a call to find out.<\/p>\n\n\n\n<p>Getting your credit score in the UK is relatively easy. If you don\u2019t know what yours is, find out. By knowing what your credit score is you can do what you can to improve it or keep it healthy. Having a good score will help you whenever you want to borrow money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how_to_get_started_on_improving_your_credit_score\"><\/span><strong>How to Get Started on Improving Your Credit Score?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There\u2019s no one strategy for improving your credit score. But there are things you can do to help get it to a good score and keep it there. Here are some tips to get you started.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_check_your_credit_report_for_errors\"><\/span><strong>1. Check Your Credit Report for Errors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It\u2019s a good idea to check your credit report regularly to make sure it\u2019s accurate. You can get a free copy once a year of your <strong><a href=\"https:\/\/www.lendingstream.co.uk\/blog\/credit-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit report<\/a><\/strong> from each of the major CRAs. If you find any errors on there, dispute them with the agency right away. You don\u2019t want an error to stop you from having a good credit score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_make_all_your_payments_on_time\"><\/span><strong>2. Make all Your Payments on Time<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Making sure you make all your repayments on time can make a big difference to your credit score. By paying back your debts when they\u2019re due shows lenders that you\u2019re reliable. It shows them that you manage your money well.&nbsp;<\/p>\n\n\n\n<p>If you\u2019ve missed any payments or have been late making them, bring them back up to date as soon as you can. Then always keep on top of them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_use_a_credit_monitoring_service\"><\/span><strong>3. Use a Credit Monitoring Service<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>We\u2019ve already mentioned a couple of credit monitoring services \u2013 Martin Lewis Clubcard and Clearscore. But there are a few to choose from in the UK.<\/p>\n\n\n\n<p>They\u2019re all good for letting you keep track of your credit score, and they\u2019ll alert you if it changes. This can be invaluable in helping you improve or keep a good credit score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_keep_your_credit_card_balances_low\"><\/span><strong>4. Keep Your Credit Card Balances Low<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Keep your credit card balances at around 30% or less of your credit limit. For example, if you\u2019ve got a credit card with a limit of \u00a31,000, you should try to keep your balance below \u00a3300. This is worth doing as lenders like to see that you\u2019re not desperate for money.<\/p>\n\n\n\n<p>By keeping your spending under control, it helps your credit score.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_avoid_opening_new_accounts_if_you_dont_need_to\"><\/span><strong>5. Avoid Opening New Accounts If You Don\u2019t Need To<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As you work to improve your credit score, avoid opening too many new accounts. It can be tempting to sign up for a new credit card with an introductory offer of 0% interest. But opening too many new accounts over short space of time can hurt your credit score.<\/p>\n\n\n\n<p>Every time you apply for credit, a hard check is done on your credit file. This means other lenders can see the applications you\u2019ve made, even if they\u2019re declined. Each application can lower your credit score. That\u2019s why it\u2019s better to only open new accounts when you really need to.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what_are_the_benefits_of_having_a_good_credit_score\"><\/span><strong>What are the Benefits of Having a Good Credit Score?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are many bene\ufb01ts to having a good credit score. Here are three reasons why it\u2019s worth looking after yours.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A good credit score makes it more likely for you to be approved for a loan or credit card. And you\u2019ll have more choice of lenders to apply with.<\/li>\n\n\n\n<li>When your credit score is classed as good or above, you\u2019re more likely to get a lower interest rate.<\/li>\n\n\n\n<li>Your credit score is used for more than just loans and credit cards. Landlords and employers can run a check on your credit score as part of the application process. It\u2019s another reason why keeping a fair credit score has its benefits.<\/li>\n<\/ol>\n\n\n\n<p>Having a good credit score is important as it can help you in more ways than one.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>In general, a good credit score in the UK is anything above 700. But this number may vary depending on which credit reference agency is used.<\/strong> A good credit score is essential if you want to be approved for a choice of loans and other forms of financing. It also helps you get the best interest rates and terms.<\/p>\n\n\n\n<p>If you want to improve your credit score, your payment history is the most important factor. There are other factors that can affect it which you need to look out for. But the best thing to do is find out what your credit score is, then do what you can keep it as high as possible.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"faqs_what_is_a_good_credit_score\"><\/span><strong>FAQs: What is a good credit score?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1748874941990\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what_is_the_difference_between_a_credit_score_and_a_credit_rating\"><\/span><strong>What is the Difference Between a Credit Score and a Credit Rating?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>In the UK, a credit score and a credit rating both measures how credit worthy you are. There isn\u2019t much difference between them. Your credit score tends to indicate how likely you are to pay your loans. Your credit rating tends to indicate how risky it is for lenders to approve your loan application. Either your score or rating will help lenders assess whether they\u2019ll approve your application.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1748874949473\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"what_is_the_average_credit_score_in_the_uk\"><\/span><strong>What is the Average Credit Score in the UK?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The <a href=\"https:\/\/www.lendingstream.co.uk\/blog\/what-is-the-average-credit-score-in-the-uk\/\">average credit score in the UK<\/a> is 790 with Experian. But there are three credit reference agencies in the UK and they each have their own average score. You\u2019d need to check with each agency to find out where your credit score falls. Remember that credit scores are not fixed. Your score can go up or down depending on your financial history and repayment habits.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p><strong>Disclaimer<\/strong>: Any information provided does not constitute financial advice. Please read carefully about the terms and conditions of the credit provider you choose to take out a loan from. Any links to external websites are for reference only and are correct at time of publishing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to credit scores, there are a lot of myths and misconceptions. People often think that they need a perfect credit score to get approved for a loan or mortgage. However, this isn\u2019t true. As long as your score is above 700, you should be approved for most loans. If you want to [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":26915,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[267],"tags":[],"class_list":["post-26914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loans"],"_links":{"self":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26914"}],"collection":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=26914"}],"version-history":[{"count":5,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26914\/revisions"}],"predecessor-version":[{"id":28154,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/posts\/26914\/revisions\/28154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media\/26915"}],"wp:attachment":[{"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=26914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=26914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lendingstream.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=26914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}