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When checking your credit score, it’s useful to know what ‘good’ looks like.
The scale used by each credit reference agency varies, but as a general rule, the higher your credit score is, the better your chances are of being accepted when you apply for credit.
Having a good credit score isn’t a guarantee you’ll be accepted – lenders and service providers look at other factors including affordability and any past account history – but it can give you a quick idea about your financial position at any moment in time.
Below are examples from the credit reference agencies Halifax work with:
Excellent |
Very good |
Good |
Poor |
Very poor |
---|---|---|---|---|
Excellent 961 - 999 |
Very good 881 - 960 |
Good 721 - 880 |
Poor 561 - 720 |
Very poor 0 - 560 |
Excellent |
Very good |
Good |
Poor |
Very poor |
---|---|---|---|---|
Excellent 811 - 1000 |
Very good 671 - 810 |
Good 531 - 670 |
Poor 439 - 530 |
Very poor 0 - 438 |
Excellent |
Good |
Ok |
Needs some work |
Needs work |
---|---|---|---|---|
Excellent 628 - 710 |
Good 604 - 627 |
Ok 566 - 603 |
Needs some work 551 - 565 |
Needs work 0 - 550 |