💳 Credit Score
What Affects My Credit Score in the UK?
Your UK credit score is calculated using several factors. Understanding what affects it lets you take targeted action.
Likely causes
- Payment history — your record of making payments on time
- Credit utilisation — how much of your available credit you use
- Length of credit history — how long your accounts have been open
- Types of credit — mix of credit cards, loans, and other products
- New credit applications — hard searches from applying for credit
Step-by-step fix
-
1
Prioritise payment history above all else
This is the most heavily weighted factor. Set up direct debits to ensure you never miss a minimum payment.
-
2
Keep utilisation low
Aim to use under 25% of your total available credit across all cards. Under 10% is ideal.
-
3
Keep old accounts open
The length of your credit history matters. Do not close old credit card accounts you no longer use — they add positively to your history length.
-
4
Do not apply for credit you do not need
Each application creates a hard search. Space applications at least 3-6 months apart.
-
5
Have a mix of credit types
A mix of a credit card and a loan or mortgage demonstrates you can manage different types of credit responsibly.
-
6
Register on the electoral roll
This is a powerful trust signal for lenders and adds significant points to your score quickly.