Your credit rating. Your credit rating is details about any loans you’ve got

Your credit rating. Your credit rating is details about any loans you’ve got

Introduction

It covers loans such as for example mortgages, bank cards, overdrafts, employ purchase agreements and contract that is personal.

Your credit score includes details including the number of the mortgage, the outstanding quantity and any missed payments. These details is placed in a credit history.

Credit file are around for loan providers (such as for instance banking institutions and credit unions) to consult if they are considering applications for loans. The goal of the system is assist loan providers to assess the capability of borrowers to settle loans.

You may also request your credit that is own report see ‘Your credit report’ below. Read more