About Credit Scoring

When you apply for loans, credit cards or mortgages, most lenders will use your credit score to assess your application. Your score indicates how risky or not you are to lend to. A high score indicates to lenders that you are a safe risk for a loan - that you'll make reliable payments and are unlikely to default. Conversely, a lower score suggests that you may struggle. Your credit score can also affect the interest rate you will be charged on new loans, credit cards or mortgages.

Lenders use two sources of information to calculate your credit score: details from your credit application, such as annual income, and information from your credit report. Credit reports are personal accounts of how you have managed loans, cards, mortgages as well as utility bills and mobile phone contracts. The report includes how much you have borrowed as well as your repayment history. It also lists some basic personal info such as name, address and date of birth.

Know Your Credit Score

One of the best ways to keep track of your credit score is by checking your Experian credit rating online using CreditExpert. Experian are the country's largest credit reference agency, so it will give you a good idea of how lenders would view you. And CreditExpert makes it easy to find out your credit score online.

If you are about to make a new application for credit or are simply interested in how a potential lender would view your application, order your Experian Credit Score today. As well as allowing you to check for errors and inaccuracies, if you don't score as well as youd hoped, there's advice on what steps to take to improve your credit score. And armed with a better credit score, you will increase your chances of being accepted and getting the deal you want.

Experian CreditExpert and Nectar

With CreditExpert, you'll receive unlimited, real time access to your credit report online giving you the opportunity to review your credit history at any time. Receive email or text alerts notifying you of any changes to your credit report, helping to protect you from identity fraud.

Get informed about your finances so you can make better decisions. Nectar have partnered with CreditExpert to offer you a FREE trial of their service. With the current economic climate and concerns about tighter lending, there's no better time to check your FREE Experian credit report.