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Here, we look at what is seen to be a good credit score, why it matters and how credit scores are calculated.
A “good” credit score typically starts at 881 with Experian, 531 with Equifax, and 604 with TransUnion. These are the 3 main credit reference agencies (CRAs) in the UK who securely hold data about your financial history – known as a credit report – and use it to generate a credit score.
Each CRA has its own scoring system, so your credit score may vary slightly depending on which one you choose. However, you’ll probably find that you fall into the same category across all of them.
CRA | Excellent | Good | Fair |
---|---|---|---|
Experian | 961 to 999 | 881 to 960 | 721 to 880 |
Equifax | 811 to 1000 | 531 to 670 (Good) 671 to 810 (Very good) |
439 to 530 |
TransUnion | 628 to 710 | 604 to 627 | 566 to 603 |
CRA | Experian | Experian |
---|---|---|
Excellent | 961 to 999 | 961 to 999 |
Good | 881 to 960 | 881 to 960 |
Fair | 721 to 880 | 721 to 880 |
CRA | Equifax | Equifax |
Excellent | 811 to 1000 | 811 to 1000 |
Good |
531 to 670 (Good) 671 to 810 (Very good) |
531 to 670 (Good) 671 to 810 (Very good) |
Fair | 439 to 530 | 439 to 530 |
CRA | TransUnion | TransUnion |
Excellent | 628 to 710 | 628 to 710 |
Good | 604 to 627 | 604 to 627 |
Fair | 566 to 603 | 566 to 603 |
If you apply to borrow money, lenders will look at your credit score before deciding whether to accept your application. It may also help them decide how much to offer you.
A good score can help you get approved for credit cards, loans and mortgages, while a poor score can stop you getting approved.
If you have a poor credit score, you may find you're offered a higher interest rate. It can also affect other types of credit agreements, such as mobile phone plans.
Your credit score is calculated using a points system, based on what’s in your credit report – also known as your credit file – which reflects how you’ve managed your debts and bills in the past.
For example, if you’ve always paid your bills on time, this would have had a positive impact on your score. But a history of missed or late payments would have had a negative impact.
If haven’t borrowed money before, it's difficult for lenders to assess the risk of lending to you and your credit score will reflect that.
How your overdraft affects your credit score depends on how you use it.
If you manage your account and overdraft well, this can help build your credit score. However, if you go over your agreed limit and into an unarranged overdraft, this can have a negative effect on your score.
Explore: Overdrafts explained
You can improve your credit score by:
It may not happen overnight but improving credit score can make a difference to your overall financial health and your ability to borrow money in the future.
To check your credit score number in the UK, you can use services offered by credit reference agencies (CRAs), such as Experian, Equifax, or TransUnion.
Checking your credit score with a CRA is free and doesn’t affect your credit score.
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This article was last updated: 22/07/2025, 07:20