When applying for credit, Lenders will look at various factors before making their decision.
The information that is used when making a decision can vary from lender to lender but typical information that is looked at is:
- Amount of credit accounts
- Credit Limits
- Missed payments
- Applications for credit within a short period
- Total outstanding debt
- Bankruptcy
- County Court Judgements
- Your ability to manage your credit
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.