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Your guide to Credit Scores

We've pulled together some info with Sainsbury's Bank to make it all a bit easier to understand…

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Your guide to Credit Scores.

Being a grown up is hard. While credit scores might seem dull, getting your finances in shape is a really important life admin task to tick off the list. With the help of Sainsbury's bank, we've tried to make it that bit easier to understand.

What's a credit score?

What's a credit score?

Your credit score is worked out using a number of factors based on your history of borrowing and paying money (for example, how you manage your credit card and bills). 

Your score is used by lenders to help decide whether they can loan you money.

When you apply for any of our Argos credit options, we use your credit score to help us decide whether to offer you credit and how much your credit limit will be. 

How do I improve my credit score?

The good news is, your credit score isn't a fixed number and can be improved. We've compiled these tips on how to improve your score using info from The Money Advice Service:

Pay your bills on time

This is a great way to prove to lenders that you’re capable of managing your finances.

Reduce any existing debt

Try and reduce any outstanding debts before applying for more credit. Borrowing less than 30% of your limit shows lenders you can manage your credit. 

Register on the electoral roll

If your name's not on the electoral roll it's often more difficult to get credit. 

Check for mistakes on your file

Something as small as a slightly wrong address can impact your score. This is the same for any credit applications, so double check your details for typos! 

Check for fraudulent activity

If any activity listed on your credit report hasn't been instigated by you (for example, if someone else applied for credit in your name), contact the credit reference agency to let them know.


...just doing a few simple checks and making small changes can mean your credit score improves over time.

    Got an Argos Card?

    To help you keep on top of your Argos Card account we've got an award-winning App you can use to view and manage your account on-the-go.

    Learn more

    How do I check my credit score?

    Find out your score via a Credit Reference Agency:

    Credit Reference Agencies (CRAs)

    • In the UK, credit scores are calculated by 3 main credit reference agencies (CRAs) - Experian, Equifax and TransUnion.
    • To calculate your credit score, CRAs are sent information about your credit and how you handle it by lenders.
    • Other things that might affect your credit score include not being registered on the electoral roll and moving house frequently.

    What's in a credit report?

    Your report contains info including: 

    • Your name and date of birth
    • Past and present addresses
    • A list of credit and current accounts
    • How timely your repayments are
    • Any previous fraud data
    • Electoral roll details
    • How much debt you have
    • Any court judgements or bankruptcies
    • Details of people you're financially linked to 

    Money Matters

    For further info, check out this Guide to Credit Scores which was originally published on Money Matters from Sainsbury's Bank:

    Guide to credit scores

    This Money Matters post aims to be informative and engaging. Though it may include tips and information, it does not constitute advice and should not be used as a basis for any financial decisions. Sainsbury's Bank accepts no responsibility for the opinions and views of external contributors and the content of external websites included within this post. Some links may take you to another Sainsbury's Bank page. All information in this post was correct at date of publication.

    Argos Limited who is authorised and regulated by the Financial Conduct Authority as a credit broker (713206), and works exclusively with Argos Card Lender, Home Retail Group Card Services Limited trading as Argos Card and Argos Financial Services, who are authorised and regulated by the Financial Conduct Authority to provide credit (716148). Home Retail Group Card Services Limited is registered in England (04007072) at 489-499 Avebury Boulevard, Milton Keynes, Buckinghamshire MK9 2NW.