What is credit scoring?

It’s a system lenders use to assess your creditworthiness. Your score is calculated based on factors such as the following:

  • Credit history
  • Payment history
  • Debt levels
  • Credit mix
  • New credit applications
  • Credit utilisation

High scores demonstrate that you use credit responsibly, which makes you a more favourable candidate for loans. Low scores, however, may signal higher risk to lenders as it suggests you can’t be trusted with large loans.

How do I see which mortgages I can afford?
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How does the Score Booster work?
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What is the Score Booster?
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How can I improve my credit score?
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How do I check my credit score?
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What credit score do I need for a mortgage loan?
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