Equifax credit score, rating and report
Everything you need to know about your Equifax credit score and report plus what affects it.
When you apply for personal loan, mortgage or credit card, lenders will look at your credit report and score to help them decide whether or not to offer you credit, how much to offer you and how much interest to charge you.
Equifax is one of three main credit reference agencies in the UK used by lenders when determining how much of a risk you are to lend money to and how much they can make from you. A number of factors detailed on your credit report make up your credit score, which ultimately places you in a rating group, ranging from “poor” to “excellent”.
What is an Equifax Score?
Equifax takes everything it knows about you (what’s in your credit file) and boils it down to a number. If you have a good score, you can usually get a loan, credit card or mortgage.
It’s important to know, while lenders will look at your credit score, they also have their own criteria for potential customers.
What does a Equifax credit score look like?
Each credit reference agency has its own scoring system. Equifax scores range from 0 to 1,000: the higher your score the better your chances of obtaining credit.
Depending on your score, you’re said to have excellent, very good, good, fair or poor credit:
|Equifax credit score||Equifax credit rating||What this means for you|
|0–438||Poor||It’s likely your credit application will be rejected.|
|439–530||Fair||You have a chance of being approved for credit, but are likely to be charged a high interest rate and have a low limit.|
|531–670||Good||You should be offered credit at reasonable interest rates, but may have a low initial credit limit.|
|671–810||Very good||You’re likely to be approved for credit, but won’t necessarily be offered the very best interest rates.|
|811–1,000||Excellent||You’re very likely to be approved for competitive credit offers.|
If you want to find out your credit score, you can do so for free from all of the credit reference agencies. If you want to access your credit report, you’ll normally have to pay, although some offer a free one-month trial subscription.
How to improve your Equifax credit score
You may have had a loan, credit card or mortgage application rejected because of a poor credit score.
If you’re struggling to borrow money because of your credit report, there are steps you can take to improve it. Be aware it takes time to build up a history of good financial decisions and hopefully improve your score.
How to apply for an Equifax statutory credit report
As part of the General Data Protection Regulation (GDPR) and Data Protection Act 2018, you’re legally able to request a free statutory copy of your credit report at any time from credit reference agencies like Equifax. However, this version of your Equifax credit report will not contain all the elements included in the paid version, such as your Equifax credit score. It is just intended to provide an overview of all your financial history and personal details that are included in your credit file.
You will be able to view your Equifax credit report online for 30 days, or have a paper copy sent to your address within seven working days. When you receive your statutory report, you should make sure to check that all information is correct, and if not, you should contact Equifax to update your file.
You can apply for a copy of your Equifax statutory credit report here.
Equifax customer reviews
According to customer feedback sites like Trustpilot and Consumer Affairs, Equifax currently has mixed-to-poor reviews from customers (updated on 19 August 2020). Over 90% of Trustpilot customer reviews gave Equifax a “bad” rating, and many reported having bad experiences with customer service, as well as issues with getting information updated or corrected on their credit file.
Change in Equifax rating system
In April 2021, Equifax changed its scoring scale from 0–700 to 0–1,000, and adjusted its rating bands.
More guides on Finder
Will paying with Klarna now affect your credit score?
Buy now, pay later provider, Klarna, is set to share UK customers’ spending habits with credit reference agencies from 1 June 2022.
Buy now, pay later borrowing set to show up in credit reports
Credit reference agencies have announced that buy now, pay later debt will start showing on credit reports from spring 2022. Here’s what you need to know.
What is a good credit score?
Find out the difference between a credit score and a credit report, plus the factors that can push your score up and down.
10 ways to improve your credit score
The best methods for getting your credit rating in top shape, and boosting your credit score.
Student Credit Checker credit report
As the name suggests, Student Credit Checker is a credit report provider for students looking to get on top of their credit score.
UK Credit Ratings credit report
UK Credit Ratings offers a credit report subscription service designed to help you improve your credit rating.
MoneySuperMarket credit report
MoneySuperMarket’s Credit Monitor service offers free credit reports and credit scores, along with personalised tips.
Capital One CreditWise credit report
Smarten up your credit profile with the Capital One CreditWise free credit report.
Credit Karma credit report
Could you be doing a good deed for your credit file with Credit Karma’s free credit report and credit score service? Here’s our review.
TotallyMoney credit score and report
TotallyMoney offers totally free access to your TransUnion credit report and credit score, but what’s the catch?
Ask an Expert