How your score is calculated

Your credit score is calculated based on what is in your credit report. 

For example:  Directorships you hold, credit cards held (including limits and 24 months repayment history reporting),the amount of money you have borrowed, the number of credit applications you have made and whether you pay on time . Depending on the credit reporting agency, your score will be between zero and either 1,000 or 1,200. 

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:


CheckYourCredit (illion)


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