11/04/2023
๐ฅ๐ฒ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ฐ๐ฒ ๐ฉ๐ ๐ฆ๐ฐ๐ผ๐ฟ๐ฒ ๐๐ผ
A lot of people can be confused by the difference between the two. Here is a simple breakdown on what they are, so you understand how they differ!
๐ช๐๐๐
๐๐ ๐น๐๐๐๐๐๐๐๐
Also known as a credit report, this is a document that will detail any credit commitments you have or have had within the last 6 years. It details your account conduct on every account as well as any searches completed against you. You will also see details of any severe adverse such as County court judgements and defaults ๐
๐ช๐๐๐
๐๐ ๐บ๐๐๐๐
All lenders, when applying for credit, will not only look at your credit history they will have an internal credit score which new applicants will need to meet in order to be accepted for credit. The credit score is determined by a number of factors but mainly by account conduct โ
