Update: UK credit scores: should you worry about a big shake-up

The Guardian — Business has covered a development concerning “Update: UK credit scores: should you worry about a big shake-up,” with the available account limited to the facts included in the supplied text.

The available account reports that your rating is vital when taking on debt, but you could be in for a surprise as a big player changes its rules Your credit score is the magic number that helps lenders decide whether or not to approve a mortgage, loan or credit card application. The report also notes that Typically, the higher the number, the better your borrowing prospects. But a shake-up of the scoring system at TransUnion, one of the UK’s three main credit reference agencies, could mean a shock next time you log in.

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