The difference between credit score and credit history…

 

As part of securing a mortgage in principle for our clients we request a copy of your credit report for us to see your payment history and what your outstanding balances are on your current credit agreements. Your credit report will show your last 6 years history on all open and closed credit agreements that you have had in the past from utility providers, to credit cards and loans. 

 

Your score can reflect your credit history but can also give you a false picture of your credit file. Somebody who has never used credit (likely because they have never needed to), may have the same credit score as someone who a lot of outstanding credit and possibly missed payments in the past.