What is a Bad Credit Score? (2024)

Is my credit score 'good' or 'bad'?

The measurement scale used by each credit reference agency varies but, as a general rule, the higher the number, the stronger your chances are of being accepted when you make a credit application.

Having a low score doesn’t always mean an application won’t be accepted – lenders and service providers also consider other factors, like affordability and any past account history – it may just mean that you’re offered higher interest rates, and a more limited amount of credit.

Below are examples from the credit reference agencies Lloyds Bank use:

Experian

More about credit scores and how they work