A score takes into consideration all these categories of information, not just one or two. No one piece of information or factor will determine your score.
For some people, a given factor may be more important than for someone else with a different credit history. In addition, as the information in your credit report changes, so does the importance given any one factor in determining your score. Because the details of your financial situation are unique, and the exact formula used in calculation of your credit score is kept secret, it is not possible to predict what factors will bear the most weight in your situation. Thus, it’s impossible to say exactly how important any single factor is in determining your score — even the levels of importance shown are for the general population, and will be slightly different for different credit profiles. What’s important is the mix of information, which varies from person to person, and for any one person over time.
Lenders look at many things when making a credit decision, including your income and the kind of credit you are applying for. However, your score does not reflect these facts, as it only evaluates your credit report at the credit reporting agency.
Late payments will lower your score, but having a good record of making payments on time will raise your score.
These are, in fact, prohibited from use in scoring by UK law.
If debt has gotten out of control, seek help from us or a credit counsellor.
The main four UK Credit Reference Agencies are Equifax, Experian, TransUnion, and Crediva. They report both public and credit-related information about individuals, from a variety of sources.
Conclusion: We hope this information will help you to establish, re-establish or keep good credit history.
Credit Reporting Agency
We now report to all the main credit reference agencies.
SBC Is A Energy Supply Company solution for Students, Landlords & Letting Agents, Student Bills Company provide a complete Utility Supply & Management Solution.
We provide Gas, Electricity, Water, Council Tax, TV Licence, Virgin Media, Broadband, Sky Digital, Netflix, Satellite Internet, Concierge, FTTP Fibre to the Premises, Tenant Liability Insurance + Contents Insurance, and Landlords Insurance.
We are an end-to-end supplier including working with brand-name energy and services suppliers.
Student Bills Company HQ,
188 Kirtling Street,
Battersea Power Station,
SW8 5BN
