Credit rating
Credit scores & reportsA general term for how lenders view your credit risk, often based on your credit report and score.
Overview
In the UK, people often say credit rating when they mean credit score or credit profile.
Lenders may use their own internal rating based on multiple factors.
Why it matters
- It influences approval decisions and interest rates.
- It reflects more than just a single score number.
- Improving your profile can improve your rating over time.
FAQs
Is credit rating the same as credit score?
Not exactly. A score is a number, while a rating is a broader assessment of risk.
Can my rating differ between lenders?
Yes. Each lender can apply its own criteria and scoring models.
Related terms
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