What is a Good Credit Score?

There are 3 completely different credit scores in the UK, so which is important?

We often get asked things like, "is 600 a good credit score?" To answer that, consider this; 600 with Equifax is not bad at all but with Experian, it is considered poor. This article covers the credit rating ranges from the top credit reference agencies. You will need access to your free credit report to see your actual credit score, so sign-up and get cracking.

Before we get going on the detail, it is worth pointing out that no lender gives away their cash on the basis of a credit score alone. There are many other factors that often come into play, including: your own history with that lender, wages, other debts, and time with current employer. So don't stress out too much with where you are at right now, just start to take responsibility for the way you are represented.

What is a Good Experian Credit Score? Answer = 881 or above (see below for Equifax)

To view your Experian Credit Score, you will need to Sign-up to Credit Expert here. The average Experian credit score is 783 in the UK. Experian is the largest of the three credit reference agencies and it's pay-monthly credit monitoring service is called Credit Expert. The top score with Credit Expert is 999 and the credit score definitions are below:

961-999 = Excellent

This whopper is at the top end of the Experian scale, and most lenders would regard people in this category to be very low risk. This is because they would expect very few people with credit scores in this region to have problems making repayments.

881-960 = Good

People that have a score of between 881 and 960 would most likely be viewed as low risk by lenders. This is because lenders would expect few people in this category to be experiencing serious issues with repaying their credit.

721-880 = Fair

This is a slight improvement on the previous two scoring bands, as lenders would expect people that have scores of between 721 and 880 to be a moderate risk. This is because they would expect a small number of people in this category to experience severe problems with repaying their credit.

561-720 = Poor 

Those with a credit score of between 561 and 720 would still be classed as high risk by lenders. This is because lenders would expect a large number of people that fall into this category to have severe problems with repaying their credit.

0-560 = Very Poor

These scores are at the lowest end of the table and people that have a credit score of between 0-560 are likely to be classed as very high risk by lenders. This is because lenders would expect those falling into this category to have severe problems with repaying credit.

What is a Good Equifax Score? Answer = 467 or Above

Equifax is the second largest of the three credit reference agencies and its top score when it comes to credit scoring is 467 or above (classified as excellent). The average Equifax credit score in the UK is 430. If you haven't already you can sign-up to Equifax here, to see your credit score. The Equifax credit scoring guidelines are as follows:

467 (and above) = Excellent

This score is at the top end of the Equifax scale, and most lenders would regard people in this category to be very low risk. This is because they would expect very few people with credit scores in this region to have issues with repayment of any debt.

420-466 = Good

People that have a score of between 420 and 466 would most likely be viewed as low risk by lenders. This is because lenders would expect few people in this category to be experiencing serious issues with repaying any debt owed.

367- 419 = Okay

This is a slight improvement on the previous two scoring bands, as lenders would expect people that have scores of between 367 and 419 to be a moderate risk. This is because they would expect a small number of people in this category to experience serious problems with repaying any debt they owe.

279 - 366 = Poor

Those with a credit score of between 279 and 366 would still be classed as high risk by financial providers. This is because lenders would expect a large number of people that fall into this category to have severe problems with repaying their debt obligations.

0-278 = Very Poor

These scores are at the lowest end of the table and people that have a credit score of between 0-278 are likely to be classed as very high risk by lenders. This is because lenders would expect those falling into this category to have severe problems with repaying debts.

How to Access Your Credit Score

Access to your scores isn't possible via the statutory report, but you can get your credit score from any of the three credit reference agencies when you join a monthly monitoring service via a free trial. Start here with your free online credit report trial.

Got a question about your Credit Score? Leave a comment below or ask a question in our forum by registering now.

10 Responses to "What is a Good Credit Score?"

  1. T Jones

    2013 07 02

    I have both experian and equifax credit scores,
    my experian is 779 = Fair
    and my equifax is 416 = Good

    how are they both so different?

    im going to cancel my equifax membership and concentrate on experian as they are the largest CRA around

    Thanks

  2. Lynsey

    2013 08 06

    Equifax scores out of 600, not 900. The last section should be 475-600. Maybe they used to be 900 (although it makes no sense since the rest of the sections are significantly smaller in range), but I’ve just done mine today 06/08/13 and it’s now 600.

  3. kerrie

    2014 03 24

    I dont understand what my credit score actually is… on one page it said equifax is 520 and on next it said 730 and experian 791. What should I go by and what does this mean are they bad scores?

  4. Mark

    2014 10 16

    None of them scores from the 3 cras as they have there own procedures in plaice to score applicants.
    If you speak to the cras they will tell you that.
    The score they give you are just guides don’t get too hung up on them

  5. Simon

    2015 01 16

    I am not sure why people are so hung up on their credit score, to be clear it’s merely an indicator, the important thing is that if you have credit, you pay it off regularly and not be late.

    I have a few points of “good”, have never missed a payment, do use credit for my cars and a small balance on my credit card relative to my salary and have not once ever had an issue getting any kind of mortgage or credit.

    The whole thing is a scam to get you to part with your money.  Get the £2 report they have to provide you by law and stop wasting your money, the lenders do NOT look at the score, it’s the detail behind the numbers, plus their own lending criteria that matters.

  6. Sikh Singh

    2015 03 30

    my Experian score was poor about 6 years ago, all I done was get a high interest credit card and paid my petrol on it each month and paid my credit card off the day it was due for 6 years and paid my car insurance monthly, now my score is 970 with Experian. if you drive, you know what to do. i did have a ccj back then aswell, this usually takes 7 years to fall off.

  7. jackie

    2015 10 07

    My clearscore credit rating is 447 which they class as ‘bright. . Is this good

  8. Romeo Pyardega

    2015 11 29

    Singh is on to something. Today I’ve got a mortgage and a hire purchased car. But I’m now a middle aged guy with more ailments then achievements. Wish I had not been lazy during my adolescent years and exercised more often. Or maybe I’m predisposed to my genetics.
    But yeah Singh is clever.

  9. Jason

    2016 01 05

    What is a good credit score on clear score

  10. Tim

    2016 04 29

    Clearscore is equifax

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