Your credit score can paint part of the picture that potential lenders see.
The credit reference agencies that Halifax work with include TransUnion, Experian and Equifax. The information they hold helps us to understand your past experience of using and managing credit.
Things which can affect your credit score include:
- moving home regularly
- not being on the electoral register
- the amount you’ve already borrowed
- a history of arrears, late payments etc
- making multiple credit applications in a short period of time
- County Court Judgments (CCJs), Individual Voluntary Agreements (IVAs), and bankruptcy.
What affects your credit score?
You could be able to improve your credit score over time, giving you a better chance of being approved when you apply for credit in future.
Check your score for free with your credit score.
How to improve your credit score