The score relates to a five-point scale (excellent, very good, good, average and below average). This helps a lender work out how risky it is for them to lend to you.

A higher score means the lender will consider you less risky. This could mean getting a better deal and saving money.

A lower score will affect your ability to get a loan or credit. See how to improve your credit score.

Get your credit report for free with Lendtribe today!

If you've ever applied for credit or a loan, there will be a credit report about you.

It's worth getting a copy of your credit report once a year. You can do this for free if you can wait 10 days to get it.

You may have to pay if: 

you want a copy in less than than 10 days

you ask for more than one copy in a year

Contact these credit reporting agencies for a copy of your credit report:

Equifax

CheckYourCredit (illion)

Experian

Since different agencies can hold different information, you may have a credit report with more than one agency.