Glossary

Glossary

financial terms explained

Credit Score

Your credit score is an evaluation made by a lender (who is considering whether to accept your application for credit) to evaluate the level of risk you pose as a borrower. Your credit score can take into account things such as how old you are, the length of your employment at your current workplace, your marital status and, of course, your credit history. Your credit score is assessed differently from lender to lender, so what may seem an unacceptable borrowing risk to one lender (a CCJ, say) may not be a problem at all to another.