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If you have an excellent credit score generally you will receive the best rates available and will be able to obtain a higher credit limit. Factors that ensure people have an excellent credit score can be attributed to the following; Having been resident at the same address for a long period of time; Registered on the voters roll; Near perfect credit history which shows mortgage payments, loans and any other credit taken; Does not regularly apply for credit; Wouldn't have any defaults, missed payments or County Court Judgements.

If you have a good credit score generally you will receive favourable rates within the market. Factors that ensure people have a good credit score can be attributed to the following; Having been resident at the same address for a long period of time; Registered on the voters roll; Have very few missed payments on mortgage, loans and other credit taken.

If you have a fair credit score generally you will receive moderate interest rates. People who have a fair credit score will have; Possibly changed address recently; Have a patchy voters role record; May have a high level of debt when comparing it to income received; Have had County Court Judgements or defaults in the past; Occasional missed payments on credit taken; Exceeded credit limits.

If you have a bad credit score you can still be approved for a loan although the rate will be high. People with a poorer credit score may have moved address on a number of occasions; Not recorded on the voters roll; Would be over certain credit limits and had frequent late/ missed payments on loan / mortgage repayments; Have been issued with defaults and County Court Judgements; declared bankrupt.