Understanding your Equifax Credit Score can give you a better indication of how lenders view you when applying for credit. Your Equifax Credit Score is a credit rating between 0-1200 that lenders may look at when you apply for a loan or credit. Generally, the higher your score, the better it is as it indicates lower risk.

Your Equifax Credit Score is calculated using the information on your credit report at a certain point in time and, as it can be used by lenders to assess your application for a loan, it’s an important number to know. Your Equifax Credit Score is dynamic and changes as information is added to or deleted from your credit file.

Your Equifax Credit Score is also a great tool in helping you understand the information on your credit report.

If you have ever looked at your credit report, you’ll know that it can contain lots of unfamiliar information that can be difficult to understand. When you get your Equifax Credit Score in one of our subscription packages, not only do you find out your Equifax Credit Score or credit rating, but you’ll also learn what information on your credit report is contributing to that rating, good and bad. We call this information 'contributing factors'. It’s important to understand what's contributing to your credit rating as there may be things you can do to help improve your credit rating. You can find out how to improve your Equifax Credit Score here. 

Want to know more? If you’re after your free credit report, you can get it here or you may want to consider a monthly subscription package that includes credit scores and credit alerts.