Credit Score Ace provides an informative overview of TransUnion credit scores, including guidance on when and why to check them.
In the UK, Experian is the largest credit reference agency, followed by Equifax and TransUnion, the smallest of the three. All three agencies provide access to monthly credit reports, which help consumers understand their credit ratings and reports.
To access your TransUnion credit score, you must sign up for a monthly credit report scheme or a free account. TransUnion’s monthly service, called Credit Expert, offers continuous access to your credit report and score for a fixed monthly fee. This service includes a 30-day free trial, allowing you to cancel anytime within that period without incurring any charges. After the trial, the service costs £14.95 per month, which can be canceled at any time.
How Credit Scores Work
Whenever you apply for credit, the lender assigns a credit score based on a search of your credit file. The credit score provided by TransUnion and other credit reference agencies serves as a guideline. These scores are not fixed and can fluctuate based on your credit behavior. They can increase if your credit improves or decrease if it worsens.
transunion credit score range
Score Ranges |  |
Very Poor / Poor | 0-550 |
Poor / Fair | 551-565 |
Fair / Good | 566-603 |
Very Good / Good | 604-627 |
Excellent | 628-710 |
Improving Your Credit Score
Improving your credit score takes time and persistence. Key actions include making timely payments on debts and bills, avoiding numerous credit applications within a short period, ensuring your details (such as address) are up to date, and checking your credit report for errors or outdated information.
A higher credit score reduces the risk you pose to lenders, increasing your chances of obtaining finance at favorable interest rates and accessing a broader range of financial products.
How to Improve Your TransUnion Credit Score
Improvement strategies include registering on the electoral roll, correcting any errors in your TransUnion credit report, and consistently paying your credit obligations on time, such as credit card bills.
When to Check Your TransUnion Credit Score
Check your credit score before applying for any finance, such as a mortgage, car loan, or credit card. It’s also advisable when applying for jobs that require credit checks or when seeking rental housing. Regularly checking your score is important if you’re working to improve it, as it helps you monitor progress and see if your efforts are effective.
Since credit scores and reports can change, it’s wise to check your score each time you apply for finance, tenancies, or other credit-related activities. With TransUnion, you can easily view your score online to make informed decisions about applying for finance, renting properties, securing jobs, and more.
