We're working out your credit score differently now (out of 1000 points). The out of 700 score and the out of 1000 score can't be compared – they're not scaled up or down.
Your score is based on your current financial situation – so it shouldn't be compared to any reports or scores you've had in the past.
Your new out of 1000 score is:
More accurate - gives your a better understanding of how lenders see you.
Clearer to understand - your personalised insights – show you your own areas for improvement.
More reassuring - it works alongside your Affordability Score. With both scores, you can get a better idea of your chances of being accepted for credit.
Up to date - your new credit score is updated weekly.
Credible - in line with other credit reference agencies' scores.
Still free – forever.
Your out of 700 credit score:
Was based on different factors – which were weighted differently and updated monthly.
For more information on where we get your credit report data from and what lenders use to make their decisions – check out our article.