The UK's Most Detailed Credit Report & Credit Score – Checkmyfile (2024)

FAQs

The UK's Most Detailed Credit Report & Credit Score – Checkmyfile? ›

See Which Accounts Are On Your Credit Report

So, there isn't a single, universal credit score. The Experian Credit Score is the UK's most trusted rating* – a good Experian Credit Score is likely to mean you have a good credit score with companies. It's based on information in your Experian Credit Report, and runs from 0-999.

If your name is linked to any accounts shared with housemates or – partners that have bad credit – this could impact your credit score. If someone has attempted, or has committed identity fraud, one of the credit reference agencies may have flagged this, therefore it will be shown on Checkmyfile.

CheckMyFile provides the most detailed and accurate credit report because it pulls data from multiple other credit reference agencies. You don't have to just take their word for this, according to Trustpilot, CheckMyFile ranks as the UK's best credit report service.

A good score on Checkmyfile is typically above 700, indicating healthy creditworthiness. Scores are compiled from various credit agencies for a comprehensive view.

Simply put, there is no “more accurate” score when it comes down to receiving your score from the major credit bureaus.

The credit-reference agencies we use are Experian, Equifax and TransUnion. If you're an existing customer, we may also look at the way you've managed your account or previous borrowing with us. If the overall credit score is high enough, we could give you the credit you've asked for.

When lenders are deciding whether to lend to you, they refer to different credit agencies to run their checks - checkmyfile gathers data across all these agencies and combines them into one easy report.

Is Checkmyfile the same as Experian? Experian is just one credit reference agency, whilst checkmyfile pulls information from three major CRAs and provides a multi agency credit report. This matters because your financial data differs across credit reference agencies (CRAs).

Equifax, one of the 3 major bureaus, has the strongest of the 3 offerings. Users can access credit reports from all 3 major bureaus, and Equifax has one of the best packages of tools and resources of any of the sites reviewed.

Which credit score do most creditors look at? ›

Which credit score do lenders actually use? Most lenders use the FICO credit score when assessing your creditworthiness for a loan. According to FICO, 90% of the top lenders use FICO credit scores.

How Often Does Checkmyfile Update? Typically, credit reference agencies update their records on a monthly basis, but some can be quicker than others. This means you could have paid off your credit card yesterday, but your credit report does not reflect that.

Not necessarily. In some cases, credit card issuers may choose to reject your application even if you have a good or excellent credit score.

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

You can do this by phoning us during office hours or by emailing us. Or you can cancel online - just log in to your checkmyfile account and access your account settings, then select 'I would like to manage my subscription' and then 'I'd like to stop my subscription'.

You can start by going to the three major credit bureaus, Equifax, Experian, and TransUnion first by logging on to AnnualCreditReport.com to check your report for free. Each agency gives you access to your report once every 12 months. 4 You'll have to pay them if you want your credit score.

Credit scoring models can weigh certain information in your reports more heavily than other credit score factors. For example, one scoring model may put more emphasis on total credit usage than others. Because there are varied scoring models, you'll likely have different scores from different providers.

When the scores are significantly different across bureaus, it is likely the underlying data in the credit bureaus is different and thus driving that observed score difference.

More companies use Experian for credit reporting than use Equifax. This alone does not make Experian better, but it does indicate that any particular debt is more likely to appear on an Experian reports.