Credit ratings explained
Excellent
- You are a home owner
- You have been on the electoral roll for a long period of time
- You have current credit arrangements and mortgage with no defaults
- You have no CCJs, credit arrears or missed payments
- You rarely apply for credit
- You are employed or self-employed
Good
- You are on the electoral roll
- You are a home owner or long standing-tenant
- You have a stable employment history
- You have current credit arrangements with occasional missed payments
- You have no CCJs
Fair
- You are or have recently been on the electoral roll
- You may have recently changed address
- You may have occasional missed payments
- You may have an old CCJ
- You may have regularly applied for credit
Poor
- You may have had frequent changes in address
- You may not be traceable on the voters roll
- You may have exceeded credit card limits
- You may have missed payments on current agreements
- You may have had a CCJ in the past
Bad
- You may not be traceable on the voters roll
- Your credit cards are over their limits
- You have recent CCJs
- You may have been refused credit elsewhere
- You may be in a debt management plan