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Checking Credit Reports

All of us will know that we have a credit report and a specific credit score. But how many of us regularly check it or even know what their score is? We all should, especially those that wish to borrow at any point. We take a look at checking credit reports. Checking Credit Reports – […]

The Importance Of Credit Scores

For a score with a range between 300 and 850, a credit score of 700 is considered good by potential lenders. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2020, the average FICO® Score☉  in the […]

The Consequences Of A Bad Credit Score

As you are using credit facilities and paying bills, it probably won’t occur to you that your credit could be influenced by your actions. The practicality of your repayment reliability and the measure of obligation you are conveying affect your financial assessment. Mess up paying off debt and your financial assessment will plunge. Moolr investigated […]

Who Can Examine Your Credit Report?

Moolr have talked repeatedly on this site about credit reports and credit ratings. Their significance and what they intend to you. Yet, another angle that is important to many is who is seeing their own, monetary data. It’s a legitimate concern, so Moolr chose to respond to the inquiry – who can examine your credit […]

5 Habits That Hurt Your Credit Score

Your credit score is a fragile thing. Each month, you might notice your score shoot up or down, even if you’ve not done anything that feels out of the ordinary. We reveal 5 habits that hurt your credit score – and what you can do to avoid them.  Not spending at all You might be […]

How To Improve Your Credit Score

It has been a while since we covered the topic of credit scores, how to improve your credit score, and the impact of what is contained within a report. So we thought it time to take another look.  How To Improve Your Credit Score – Get on the electoral roll From the viewpoint of the […]

Credit file vs credit score – what’s the difference?

“Credit file” (or “credit report”) and “credit score” are terms that are often used fairly interchangeably, as if they represent the same thing. However, while both involve the same data these are two quite different elements in the picture of your financial health and history that available data can create. So, credit file vs credit […]

A Look At Credit Scores

A credit score is a tool lenders use to help determine whether you qualify for a particular credit card, loan, mortgage or a raft of other financial services. Using this information, financial institutions use an algorithm to provide everyone with a score or rating. This score is used by lenders to ascertain whether to lend […]

What does your credit score mean?

A credit score is a number between 300-850 that depicts a consumer’s creditworthiness. The higher it is, the better a borrower looks to potential lenders, and is based is based on credit history. This includes number of open accounts, total levels of debt, and repayment history, and other factors. Lenders use credit scores to evaluate […]

How To Improve Your Credit Score

Credit scores are important for any of us wishing to utilise credit options for a variety of reasons. You need a fairly healthy report to get a mortgage, credit card, loan and more. So if you have a poor score, you need to work on improving it. We take a look at how to improve […]

What Credit Score Do I Need To Get A Payday Loan?

The smallest requirements for borrowing vary between lenders. They can be the difference between rejection and approval of your loan. Yet, there are a few things that will help you get your loan approved. Read on to learn more as we examine a common question. What credit score do i need to get a payday […]

How Is A Credit Score Calculated?

Nowadays credit scores and ratings are something that we are more aware of than ever. Not least because the credit crunch made more people apply for credit. However, lenders are rejecting more applicants than normal because of the reluctance to lend as much.  Thus it makes us feel as if lenders are rejecting us all, […]

Credit Reference Agencies

Credit reference agencies. We hear them mentioned in passing a lot, and for those of us who have borrowed money, they are very important in our lives. But how much do we actually know about them? We decided to delve further. Credit Reference Agencies. Who Are They? There are 3 main credit reference agencies in […]

How To Improve Your Credit Score

We are often asked about credit scores by customers and those looking to borrow via a personal loan. Many worry that their score is not good enough to borrow. Some ask if applying will affect their rating. We take a look at what is entailed, and mainly we examine how to improve your credit score. […]

What Is The Difference Between Good And Bad Credit?

Credit, especially good, is very important. It affects almost every major buying decision. It can help us get a good rate on a card, car loan or home mortgage. It can also help us when it comes time to sign an apartment lease agreement or maybe even get a new job. But how do you […]

Who Can Look At Your Credit Report?

Moolr have talked at length on this site about credit reports and credit scores. Their importance and what they mean to you. But another aspect that matters to many is who is seeing their personal, financial information. It’s a valid concern, so Moolr decided to answer the question – who can look at your credit […]

How Credit Scores Affect Interest Rates

It is a primary concern for those with a mixed credit history when considering applying for any type of finance. Not only the prospect of being declined for a loan, but also the possibility of any loan coming with higher interest rates. Moolr have taken a look at how credit scores affect interest rates. Your […]

Credit Reports & Cifas Markers

Even if you are familiar with credit reports, credit scores and more, you may not have heard of Cifas. That is understandable, as not many have! With that in mind, Moolr thought it would be a good idea to take a brief look at credit reports & Cifas markers. What Is It? Cifas is a […]

How To Check Your Credit Score

For those looking to borrow money, or for anyone who uses finance in their life, credit scores are everything. A good score means you have access to the best deals on the market, at the best rates. A poorer score however means that you will be restricted in what you can borrow. What’s more the […]

What’s the difference between a soft and hard credit search?

When you apply for a loan, the lender will almost certainly carry out a credit search. There are two types of credit searches. Firstly, a ‘soft search’ and also a ‘hard search’. These searches can affect your credit report in different ways. Thus, it is useful to understand the difference between a soft and hard […]