What is Credit Rating?

What is Credit Rating? Origin: 1955-1960 Credit rating noun ("kredit. reitin) an evaluation of the creditworthiness of an individual or business enterprise. Higher Risk Lower Risk VS 192 If you are assessed as a low risk borrower • Borrowing = easier • Offered lower interest rates If you are assessed as a high risk borrower • Borrowing = harder • Offered higher interest rates • Less flexible repayment options • Likely to have a damaged credit history • Flexible repayment options • Your credit records are in good order BANKS What they do know What they don't know & Your Application Form Election Information Any Fines Race, Religion, Colour As long as they've not been issued by the courts and aren't credit Double check Credit agencies These details are that everything you enter is correct! use this to score you not kept on-file Past Dealings with the Company Information on Court Records Child Support Agency Relatives As long as you CCs and Bankruptcies suggest you have a history ofO debt problerms This information won't affect the likelihood of you getting credit Although data protection laws aren't financialy linked, ie. you don't share a joint account mean some parts of a company can't to others Declined Search, Address and Linked Data Fraud Data Student Loans Applications Creditors can Whether you've committed fraud or someone else This Including when other lenders ched your file and addresses and see when you've information won't affect the likelihood of you getting credit O has used your applied for NECLINEN credit but not have sear identity to commit fraud whether you were accepted or declined people you're connected to 5 steps to improving your credit score 1. Make sure you're on the electoral roll 2. Pay your bills on time 3. Use a credit card and manage it responsibly 4. Check your credit file 5. Close unused accounts The information within this infographic should only be used as a guide - you should always seek advice from your lender before applying for credit What is Credit Rating? Origin: 1955-1960 Credit rating noun ("kredit. reitin) an evaluation of the creditworthiness of an individual or business enterprise. Higher Risk Lower Risk VS 192 If you are assessed as a low risk borrower • Borrowing = easier • Offered lower interest rates If you are assessed as a high risk borrower • Borrowing = harder • Offered higher interest rates • Less flexible repayment options • Likely to have a damaged credit history • Flexible repayment options • Your credit records are in good order BANKS What they do know What they don't know & Your Application Form Election Information Any Fines Race, Religion, Colour As long as they've not been issued by the courts and aren't credit Double check Credit agencies These details are that everything you enter is correct! use this to score you not kept on-file Past Dealings with the Company Information on Court Records Child Support Agency Relatives As long as you CCs and Bankruptcies suggest you have a history ofO debt problerms This information won't affect the likelihood of you getting credit Although data protection laws aren't financialy linked, ie. you don't share a joint account mean some parts of a company can't to others Declined Search, Address and Linked Data Fraud Data Student Loans Applications Creditors can Whether you've committed fraud or someone else This Including when other lenders ched your file and addresses and see when you've information won't affect the likelihood of you getting credit O has used your applied for NECLINEN credit but not have sear identity to commit fraud whether you were accepted or declined people you're connected to 5 steps to improving your credit score 1. Make sure you're on the electoral roll 2. Pay your bills on time 3. Use a credit card and manage it responsibly 4. Check your credit file 5. Close unused accounts The information within this infographic should only be used as a guide - you should always seek advice from your lender before applying for credit What is Credit Rating? Origin: 1955-1960 Credit rating noun ("kredit. reitin) an evaluation of the creditworthiness of an individual or business enterprise. Higher Risk Lower Risk VS 192 If you are assessed as a low risk borrower • Borrowing = easier • Offered lower interest rates If you are assessed as a high risk borrower • Borrowing = harder • Offered higher interest rates • Less flexible repayment options • Likely to have a damaged credit history • Flexible repayment options • Your credit records are in good order BANKS What they do know What they don't know & Your Application Form Election Information Any Fines Race, Religion, Colour As long as they've not been issued by the courts and aren't credit Double check Credit agencies These details are that everything you enter is correct! use this to score you not kept on-file Past Dealings with the Company Information on Court Records Child Support Agency Relatives As long as you CCs and Bankruptcies suggest you have a history ofO debt problerms This information won't affect the likelihood of you getting credit Although data protection laws aren't financialy linked, ie. you don't share a joint account mean some parts of a company can't to others Declined Search, Address and Linked Data Fraud Data Student Loans Applications Creditors can Whether you've committed fraud or someone else This Including when other lenders ched your file and addresses and see when you've information won't affect the likelihood of you getting credit O has used your applied for NECLINEN credit but not have sear identity to commit fraud whether you were accepted or declined people you're connected to 5 steps to improving your credit score 1. Make sure you're on the electoral roll 2. Pay your bills on time 3. Use a credit card and manage it responsibly 4. Check your credit file 5. Close unused accounts The information within this infographic should only be used as a guide - you should always seek advice from your lender before applying for credit What is Credit Rating? Origin: 1955-1960 Credit rating noun ("kredit. reitin) an evaluation of the creditworthiness of an individual or business enterprise. Higher Risk Lower Risk VS 192 If you are assessed as a low risk borrower • Borrowing = easier • Offered lower interest rates If you are assessed as a high risk borrower • Borrowing = harder • Offered higher interest rates • Less flexible repayment options • Likely to have a damaged credit history • Flexible repayment options • Your credit records are in good order BANKS What they do know What they don't know & Your Application Form Election Information Any Fines Race, Religion, Colour As long as they've not been issued by the courts and aren't credit Double check Credit agencies These details are that everything you enter is correct! use this to score you not kept on-file Past Dealings with the Company Information on Court Records Child Support Agency Relatives As long as you CCs and Bankruptcies suggest you have a history ofO debt problerms This information won't affect the likelihood of you getting credit Although data protection laws aren't financialy linked, ie. you don't share a joint account mean some parts of a company can't to others Declined Search, Address and Linked Data Fraud Data Student Loans Applications Creditors can Whether you've committed fraud or someone else This Including when other lenders ched your file and addresses and see when you've information won't affect the likelihood of you getting credit O has used your applied for NECLINEN credit but not have sear identity to commit fraud whether you were accepted or declined people you're connected to 5 steps to improving your credit score 1. Make sure you're on the electoral roll 2. Pay your bills on time 3. Use a credit card and manage it responsibly 4. Check your credit file 5. Close unused accounts The information within this infographic should only be used as a guide - you should always seek advice from your lender before applying for credit What is Credit Rating? Origin: 1955-1960 Credit rating noun ("kredit. reitin) an evaluation of the creditworthiness of an individual or business enterprise. Higher Risk Lower Risk VS 192 If you are assessed as a low risk borrower • Borrowing = easier • Offered lower interest rates If you are assessed as a high risk borrower • Borrowing = harder • Offered higher interest rates • Less flexible repayment options • Likely to have a damaged credit history • Flexible repayment options • Your credit records are in good order BANKS What they do know What they don't know & Your Application Form Election Information Any Fines Race, Religion, Colour As long as they've not been issued by the courts and aren't credit Double check Credit agencies These details are that everything you enter is correct! use this to score you not kept on-file Past Dealings with the Company Information on Court Records Child Support Agency Relatives As long as you CCs and Bankruptcies suggest you have a history ofO debt problerms This information won't affect the likelihood of you getting credit Although data protection laws aren't financialy linked, ie. you don't share a joint account mean some parts of a company can't to others Declined Search, Address and Linked Data Fraud Data Student Loans Applications Creditors can Whether you've committed fraud or someone else This Including when other lenders ched your file and addresses and see when you've information won't affect the likelihood of you getting credit O has used your applied for NECLINEN credit but not have sear identity to commit fraud whether you were accepted or declined people you're connected to 5 steps to improving your credit score 1. Make sure you're on the electoral roll 2. Pay your bills on time 3. Use a credit card and manage it responsibly 4. Check your credit file 5. Close unused accounts The information within this infographic should only be used as a guide - you should always seek advice from your lender before applying for credit What is Credit Rating? Origin: 1955-1960 Credit rating noun ("kredit. reitin) an evaluation of the creditworthiness of an individual or business enterprise. Higher Risk Lower Risk VS 192 If you are assessed as a low risk borrower • Borrowing = easier • Offered lower interest rates If you are assessed as a high risk borrower • Borrowing = harder • Offered higher interest rates • Less flexible repayment options • Likely to have a damaged credit history • Flexible repayment options • Your credit records are in good order BANKS What they do know What they don't know & Your Application Form Election Information Any Fines Race, Religion, Colour As long as they've not been issued by the courts and aren't credit Double check Credit agencies These details are that everything you enter is correct! use this to score you not kept on-file Past Dealings with the Company Information on Court Records Child Support Agency Relatives As long as you CCs and Bankruptcies suggest you have a history ofO debt problerms This information won't affect the likelihood of you getting credit Although data protection laws aren't financialy linked, ie. you don't share a joint account mean some parts of a company can't to others Declined Search, Address and Linked Data Fraud Data Student Loans Applications Creditors can Whether you've committed fraud or someone else This Including when other lenders ched your file and addresses and see when you've information won't affect the likelihood of you getting credit O has used your applied for NECLINEN credit but not have sear identity to commit fraud whether you were accepted or declined people you're connected to 5 steps to improving your credit score 1. Make sure you're on the electoral roll 2. Pay your bills on time 3. Use a credit card and manage it responsibly 4. Check your credit file 5. Close unused accounts The information within this infographic should only be used as a guide - you should always seek advice from your lender before applying for credit