What does a good credit score say about a person?

Scores can determine the interest paid on loans and also be a deciding factor on whether a request for credit is approved or declined. A score between 740 and 850 suggests the individual has been consistently responsible, while scores between 700 to 750 are considered above average.

What does a credit check tell someone?

Your credit check will show any accounts where you have taken out credit. This includes credit cards, loans, mortgages, and any credit agreements you have in place, such as anything youve bought on finance, or utility debts. It may include any closed credit accounts.

Which credit score do banks use UK?

The UK has three main credit scoring agencies: Equifax, Experian and TransUnion. Monzo and NatWests tool will show customers their TransUnion score. In Monzos case, the score will be available in-app alongside the key factors that influenced your score that month, and a summary of everything that has affected it.

Which credit score is most important?

FICO® Scores Which credit score matters the most? While theres no exact answer to which credit score matters most, lenders have a clear favorite: FICO® Scores are used in over 90% of lending decisions.

What is a bad credit record?

What Is a Bad Credit Score? On the FICO® Score☉ 8 scale of 300 to 850, one of the credit scores lenders most frequently use, a bad credit score is one below 670. More specifically, a score between 580 and 669 is considered fair, and one between 300 and 579 is poor.