Your Credit Score is a number that reflects the information in your Credit Report and how lenders are likely to view you.
There are three main Credit Reference Agencies (Equifax, Experian and TransUnion) who will each calculate your score differently. We are partnered with TransUnion who calculate your score from a maximum of 710. The other Credit Reference Agencies will have a different top end number, but you want your score to be as high as possible.
Small fluctuations to your Credit Score are expected, however larger drops or increases to this score could indicate significant changes to your information. To understand more about the factors that impact your Credit Score, you may find it helpful to read through this guide.
Your Borrowing Power is a unique measurement of how likely you are to be accepted for specific lender products based on both your credit information and live market data. This means that if a lender introduces stricter criteria for a product, your Borrowing Power could be reduced or increase even if nothing has changed in your personal circumstances.
Fluctuations in Borrowing Power can be more common than that of Credit Score, as this is also reliant on market data and any changes to the available credit products on our site.
You may find that you have an excellent Credit Score but a much lower Borrowing Power. This is because regardless of your Credit Score it may be that you don’t qualify for certain credit products, as lenders will look for a set of certain criteria. This could, for example, be based on salary or age. Our Borrowing Power service aims to reduce this confusion and help you to avoid receiving unneeded rejections for applications.
Please note that whilst we can indicate which products you are more likely to be accepted for, we can not guarantee acceptance as this is still ultimately down to the lender.