Without a doubt, what exactly is a bad credit history?

Without a doubt, what exactly is a bad credit history?

You can find 3 credit that is main agencies in the united kingdom and all of them have actually various credit ratings that belong to the ‘very poor’ or ‘poor’ groups.

Transunion

Previously referred to as CallCredit, Transunion provide you with a rating of between 0 and 710 and their credit assessments break up such as this:

Score Rating
0 – 550 Really Poor
551 – 565 Poor
566 – 603 Fair
604 – 627 Good
628 – 710 Excellent

Experian

Experian are probably the very best known and credit reference agency that is largest in the united kingdom. Scores here range between 0 to 999 and digest the following:

Rating Rating
0 – 560 Very Poor
561 – 720 Bad
721 – 880 Fair
881 – 960 Good
961 – 999 Excellent

Equifax

Among the UK’s credit reference agencies that are oldest, Equifax scores get from 0 to 700 and digest the following:

Rating Rating
0 – 279 Very Poor
280 – 379 Poor
380 – 419 Fair
420 – 465 Good
466 – 700 Exceptional

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