At Wollit, we do this by default: we report your Wollit monthly plan payments to all three agencies, so your credit score has a chance to improve across the board. Second, if you want to improve your credit score, use a credit-building tool that reports to all three CRAs: Equifax, Experian, and TransUnion. Approximately 27. However, VantageScore has a slightly broader range of scores it considers excellent, including scores above 780. There are multiple ways to do this, and we have a guide written about it here. As with the FICO model, the highest possible credit score attainable with the VantageScore 4.0 model is 850. That's why we recommend you do two things.įirst, check your score with all three credit reference agencies. However, your score will differ slightly for each CRA because they don't all get data from the same sources. Most UK lenders check data from all three main credit reference agencies. In exchange, ClearScore will show you promotional products from its partners (credit cards, etc.) and earn a small commission if you decide to sign up for any of these products. The other option is to sign up for ClearScore, giving you free access to your Equifax credit score. This paid plan is not only limited to giving you more information, though – paying customers can also use the identity protection feature, which will alert you if your financial details are used somewhere online by fraudsters. The most well-known provider of credit scores is the Fair Isaac Corporation, or FICO.

New credit applications: 10 of your score. It does have a 30-day free trial, though, during which time you can view your full credit report and score for free. Here’s a deeper breakdown of what goes into the creation of your credit score: Payment history: 35 of your score. You have a few options to check your Equifax credit score.įirst, you can go to the Equifax website and sign up for their service, which costs £14.95 a month. Which means that you should aim for at least a credit score of 670. You'll want a score that's at least 'very good' to have some confidence that you'll get the loan or mortgage you want – on the terms you want. That doesn't mean you'll get approved or get a low-interest rate. Technically, an Equifax score over 531 is considered 'good'. This was Equifax's old credit score scale:Įquifax's new credit score scale (since 2021) removed 'Very poor' and added a new band called 'Very good': It's still divided into five bands but now starts with 'poor' and includes a new rating category, 'very good.' Since 2021, your Equifax score has been out of 1,000. Yes, previously, the Equifax credit score scale ranged from zero to 700, and fell into five bands: very poor, poor, fair, good, and excellent. I thought the Equifax score range was 0 to 700? Your credit score is also different between Experian, Equifax, and TransUnion, as each credit reference agency uses slightly different data. There's no 'magic number' that guarantees you'll get a loan or better interest rates. In case you need a reminder, a credit score is a three-digit number that shows lenders how likely you are to pay your bills on time. The Equifax credit score in the UK ranges from 0 to 1,000.

Credit score range chart 2021