
Understanding Credit Scoring in the UK
Credit scores play a pivotal role in many of our significant life decisions, be it buying a house, obtaining a credit card, or even getting a mobile phone contract. But how does credit scoring work in the UK? Let’s dive in. 1. What is a Credit Score? A credit score is a numerical representation of your creditworthiness, derived from your credit report. In essence, it’s an indication of how risky or safe lenders might perceive you when it comes to