It's important to note that your credit score is quite fluid and can increase or decrease as a result of small changes to your report.
We put your score into different bands depending on how high it is:
| Score Bands | Rating |
| 0 - 527 | Very poor |
| 528 - 602 | Poor |
| 603 - 649 | Fair |
| 650 - 669 | Good |
| 670 - 705 | Excellent |
These bands are an indication of how good your credit score is, however the score that we show you, just like any other score, is just a guide.
It might be worth looking through the 'What has changed' section of your credit report overview in order to see what might have casued your score to drop.
You should also look through the 'Factors on your report' section, to see the aspects which could be affecting your credit score.
Here are the most common things that will negatively affect your score:
- Sequestrations/Judgements/Administration Orders– if there are any new sequestrations, judgements and/or administration orders showing on your report, this will have lowered your credit score as you may seem less likely to pay any credit back
- Current debt – if your accounts show that your current levels of debt are quite high, this may be a factor that lowered your credit score
- Missed payments – if your accounts are showing any recently missed payments, your score could decrease.
- Enquiries – Enquiries show up when a lender looks at your credit report. This is a background check carried out when you apply for credit, which leaves a footprint on your credit file. If there are too many enquires on your report, this might indicate that you have applied for several credit accounts. This may lower your score as it suggests you rely heavily on credit and may struggle to pay it all back. It could also be an indicator of fraud.