How is a Credit Score calculated?

Your credit score is calculated based on the information in your credit report. The factors that can affect your score include how easy it is to verify your identity, how you have managed credit you have taken on in the past and how you are using credit now.

How much credit you are using, how much credit you have available to you and if you have missed any credit repayments or defaulted on any agreements in the past will also affect your credit score. As your credit report generally looks back six years, to calculate your score, the credit reference agency will use your address history from the last six years to ensure your score is as accurate as possible.

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