Experian offers free credit score

Banking and Borrowing

Updated on 08 September 2016 | 0 Comments

Customers previously had to pay £14.99 a month to access their Experian credit score.

Experian has made its credit scores free for all.

It’s being provided as part of CreditMatcher, the credit report firm's free credit comparison service. The new service allows you to:

  • Check deals available to you before you apply by doing a soft search
  • Find out how likely it is you’ll be accepted for credit before you apply
  • Get an indication of your financial health

Research from the agency shows that 28% of people say they find it hard to understand how to manage their money.

“A lot of people don’t realise that your credit score is like a temperature gauge for your financial wellbeing,” says Experian’s Clive Lawson.

“By making the Experian Credit Score free, we want to help everyone take a quick and easy first step to realising their financial ambitions.”

Choose a credit reference agency with loveMONEY right now

Where should I get my credit score from?

This depends on what you’re after.

Experian is one of the three main credit reference agencies in the UK, along with Equifax and Callcredit (under brand name Noddle).

You may also have heard of ClearScore which base its service on Equifax data.

If you check your score fairly regularly and just want some idea of where you are financially, you're better off getting it for free from Noddle or ClearScore.

Those looking to apply for credit or for more recent information should go for Experian or Equifax as they get credit information first-hand and update it more regularly than Noddle or ClearScore.

That said, if you’ve never had your credit report before it could be worth getting it from the three major agencies as the scores they give you will vary - they get different information from different lenders (though there is quite a bit of overlap).

Compare reference agencies on loveMONEY right now

Learn more about your credit:

How to improve your credit rating

What damages your credit rating

How to build an excellent credit history

 

Comments

Be the first to comment

Do you want to comment on this article? You need to be signed in for this feature

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FCA) with Firm Reference Number (FRN): 479153.

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom. loveMONEY.com Limited operates under the trading name of loveMONEY.com Financial Services Limited. We operate as a credit broker for consumer credit and do not lend directly. Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards. While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.