Which Credit Report Agency Should You Use?

Want to know which credit report service is the best to use? Read on to find out more.

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Your credit history and score is a really important part of any finance application you make. Even if you think your score is perfect, your advisor is going to want to see and understand your report and make sure they’re supporting you in the right way.

Home Credit Reports Which Credit Report Agency Should You Use?
Pete Mugleston

Author: Pete Mugleston

Mortgage Advisor, MD

Updated: January 30, 2024

Regularly monitoring your credit record is an important part of keeping control of your finances. Having a healthy, clean credit history should make applying for finance in the future much more straightforward. 

But, which is the best credit score company to use? And what’s the difference between the different credit reference agencies? This article will provide answers to these questions and give you a clearer idea why you need to download your credit reports from all of them. 

Which is the best credit report service to use? 

There are three main credit reference agencies in the UK – Experian, Equifax and TransUnion. Their primary role is to produce credit reports based on information they receive from lenders across the UK about the credit you have/have had in the past and how you’ve managed it. 

All three work slightly differently in terms of the maximum credit scores they use and will have different levels of information to base your credit score on as not all lenders report the same amount of information to each agency. Here’s an outline of how it works:  

  • Experian. Credit score range 0-999 (a score above 961 is considered high/excellent). 
  • Equifax. Credit score range 0-1000 (a score above 811 is considered high/excellent). 
  • TransUnion. Credit score range 0-710 (a score above 628 is considered high/excellent). 

In effect you could download your credit reports with all three agencies and get three different credit scores, based on the information each one has received from lenders about your credit history. 

So, as you can see, choosing one credit reference agency over the others on the assumption that it’s the best will not give you the full picture you need about the fitness of your credit profile.  

Why you should use more than one agency

The only sure way to get a complete picture of your credit record is to download your credit reports from all three agencies. That way you’ll be able to compare and contrast the information held by each and have a firm understanding of how well you’ve managed your finances. 

You’ll also be able to spot any inaccuracies or out of date information which is held and take steps to have it removed. This is where we can help! 

Rather than approach each credit reference agency (CRA) individually, you can use a credit report provider, such as the ones we work with – Checkmyfile and UKCreditRatings. Both can provide a master credit report for you which is compiled from information held with all three CRAs – for free! 

Using their services will be quicker and provide you with all the details you need to assess your credit history before applying for any new types of finance. 

Download your credit reports today

To take advantage of this exclusive offer, and get the information you need from across all three credit reference agencies simply click on the button below, select which provider’s offer suits you best and download your credit reports straight away. 

UK Credit Ratings

UK Credit Ratings

Free for 24 days then £24.95 per calendar month - includes extra features, such as dark web monitoring, and the option to cancel anytime.

Get Your Credit Report
Check My File

Check My File

Free for 30 days then £14.99 per calendar month - cancel anytime.

Get Your Credit Report

FAQs

There are quite a number of good apps you can use to check your credit score but, unlike Checkmyfile and UKCreditRatings, not all will produce a report based on information from all three credit reference agencies. 

If you want a complete picture of how you’ve managed your finances – and how this has been scored – then the services available from these providers can fulfil this requirement. 

Get your credit report today - start your free trial