Compare Credit Reports

What is a Credit Score?

In the present current financial climate, it is harder that ever to obtain credit so it is very important that you know what is on your credit report and if necessary take steps to improve your profile.

Each time you apply for credit, whether it is for a loan, mortgage of even a mobile phone contract, the lender will review your Credit File (provided by one of the three Credit Reference Agencies) and compare it with what it considers to be the “perfect customer”. This would be someone who it sees as posing minimal risk to them for making repayments as well as looking at the potential profitability of the individual as a new customer.

Scoring Criteria calculated by each bank is never released, and varies not only by lender but also by what type of product you wish to purchase. You may be rejected by one company but accepted by another but it is important to wait for the outcome of one application before trying others as each application will leave a foot print on your file.

By taking some simple steps to ensure you’re your financial situation is presented to potential creditors in the best possible way, it is possible to drastically reduce the amount of interest you will pay.

When you sign up for your credit report, it will not show your credit score. If you wish to know what your score is, the table below shows you the charges from the 3 credit reference agencies below.

		Rating
FraudLock	Included
Equifax	£14.95
Experian	£5.95
Call Credit	Free for 90 Days

We suggest that it is worth paying the extra for the Equifax service (as provided within the FraudLock Membership) as it provides fantastic credit score analysis and the best advice on how to improve your score.

Note: This is a one-off charge. If you wish to view your credit score after making any adjustments, you will be charged again.