Is 1108 a good Experian credit score?

Your credit score of 1108 on Experian falls into the "Very Good" credit band. This is a strong position that shows lenders you're a reliable borrower.

What does a credit score of 1108 mean?

In the UK, credit scores are calculated by three main credit reference agencies: Experian, Equifax, and TransUnion. Each agency has its own way of calculating credit scores, which means you'll see different scores with each.

Experian is one of the UK's three main credit reference agencies and uses scores from 0 to 1250.

Experian says some banking apps may still show the older 0–999 score; the new 0–1250 score is available directly through Experian.

What does this mean for your finances?

With a "Very Good" credit score of 1108, you can expect:

• Good approval rates for most credit products
• Competitive interest rates, though not always the very best
• Access to a good range of credit cards and loans
• Generally favourable treatment from landlords and utility providers

You're in a solid position, but improving to "Excellent" could unlock better rates and save you money over time.

How to improve your credit score

Here are the key steps to improve your credit score:

• Pay on time, every time. Payment history is the most important factor. Set up Direct Debits for all your bills to avoid accidentally missing payments.
• Keep credit utilisation low. Try to use less than 25% of your available credit limits.
• Register to vote at your current address. This helps verify your identity and can boost your score.
• Check your credit report for errors and dispute any inaccuracies.
• Build positive credit history by making regular payments on credit agreements.

How Wollit can help

Wollit is a credit-building app that reports your monthly subscription as a loan repayment to all three credit reference agencies. This helps you build positive credit history, which is the main factor affecting your credit score.

Wollit can also report your monthly rent payments to Experian, giving you another way to demonstrate your financial reliability.

Many Wollit users have seen their credit scores improve significantly within just a few months of signing up.