When you make an application for credit, lenders look at various factors before making their decision.
The info that’s used when deciding can vary from lender to lender, but it typically includes:
Amount of open credit accounts
The age of your accounts
Credit limits
Missed payments
Applications for credit within a short period
Total outstanding debt and the amount of credit used
Bankruptcy
County Court Judgements
Your ability to manage your credit
Some lenders will use Open Banking and look at your bank account information to make a lending decision, if you've authorised this by connecting the account.
Lenders will also look at your personal details and perform some fraud-prevention checks.
For a full breakdown of what impacts your Credit Report, see our guide on understanding your Credit Score.