How does your credit score compare with your neighbors?

Homes in Kingston, Watford and Harrow have the highest average credit scores in Britain, new research has revealed.

Seven of the 20 best places based on credit scores are in Greater London, including Twickenham, Sutton, Slough and Enfield.

Meanwhile, households in Cleveland, Doncaster and Sunderland have the lowest average credit scores.

You can check how your area compares on the following interactive map:

The map, from Totally Money, analyzes the credit score by zip code and allows people to verify the average score of their area.

When viewed by area, those living in Kingston upon Thames had the highest overall average credit scores of 547, followed by Watford and then Harrow, both with scores of 545.

However, if you expand further, some individual zip codes have even higher scores.

Good credit scores are obtained in several ways, including inclusion in the electoral roll, payment of loans on time, keep all financial records updated with the correct name and address and make sure there are no errors in your file credit

If you have been late with reimbursements, are being charged regularly for exceeding a credit limit or are making multiple requests for new credit, this can have a negative effect on your credit score.

Most of the areas on the top 20 list were found in Greater London or southern England, including areas such as Oxford, Reading, Bournemouth and Hereford.

TOP 20 AREAS OF CREDIT SCORE
Town Average credit score Average debt power
Kingston upon Thames 547 5.35
Watford 545 5.13
Harrow 545 4.82
Guildford 541 5.03
Twickenham 541 4.88
Llandrindod Wells 541 4.72
Hemel Hempstead 540 4.97
Oxford 540 4.9
Red Hill 539 5.07
Sutton 539 5.04
Move 539 4.92
St Albans 539 4.89
Enfield 539 4.88
Aberdeen 539 4.82
London 538 4.96
Ilford 538 4.81
Wick 537 4.93
Reading 537 4.92
Hereford 537 4.61
Bournemouth 536 4.82
Source: Totally money

The only places that were not in England were Llandrindod Wells in Wales, which was in sixth place with an average score of 541, and Aberdeen and Wick in Scotland, with scores of 539 and 537 respectively.

At the other end of the scale, Cleveland in northeastern England had the lowest average score of 513.

It was followed by Doncaster and Sunderland with scores of 514 and 515 respectively.

As a county, Yorkshire had the worst performance and had six locations on the lower score list.

The results are based on data from more than 500,000 people who verify their credit score through the website.

It uses Transunion (formerly known as Callcredit) for credit checks and its scoring system is from 0 to 710, compared to Experian which is from 0 to 999.

The higher the score, the greater the probability of obtaining credit.

The website also conducted research on 2,000 people and found that 41% incorrectly thought where they lived and what impacted their credit score and 63% did not know that details such as being in the electoral roll were included in their credit score.

Those living in Kingston Upon Thames had the highest average credit scores of 547

Those living in Kingston Upon Thames had the highest average credit scores of 547

Those living in Kingston Upon Thames had the highest average credit scores of 547

More than half of the respondents also said they did not know that shared financial commitments were stored on a credit score, as if you had a joint credit card, a mortgage or a loan with another person.

The website also included a figure that shows the power of indebtedness, which is something used exclusively to show the probability that people are accepted to obtain credit.

It is a number between one and 10 that shows what lenders think of potential borrowers and says that it is based on real market activity along with the consumer's financial behavior.

The top scorer, Kingston, had an average loan strength score of 5.35 while the Cleveland score was 4.18, out of 10.

BELOW 20 AREAS OF CREDIT SCORE
Town Average credit score Average debt power
Nottingham 520 4.44
Leeds 520 4.41
Wigan 520 4.39
Kilmarnock 520 4.24
Stoke on Trent 519 4.46
Dundee 519 4.31
Darlington 519 4.29
Newport 519 4.27
Wakefield 518 4.41
Blackpool 518 4.3
Newcastle upon Tyne 518 4.28
Oldham 518 4.23
Sheffield 517 4.35
Durham 517 4.32
Halifax 515 4.41
Shell 515 4.31
Wolverhampton 515 4.25
Sunderland 515 4.15
Doncaster 514 4.24
Cleveland 513 4.18
Source: Totally money

Joe Gardiner, brand and content director at Totally Money, said: "Your credit score gives you a useful snapshot of how well you manage your money, and the" holders "of credit in the Southeast have a higher score than those" they have no credit "in the north.

"But whether you're in Lands End or John O & # 39; Groats, you can check out our interactive map to see if you're a better borrower than your neighbors.

"Of course, to get a complete idea of ​​your financial strength and to know how to improve your score, you should check your credit report."

Earlier this month, we reported on an investigation that shows that half of consumers do not verify their eligibility before applying for the loan, and of those, 43 percent thought that verifying their eligibility in advance would negatively affect their credit score.

However, although checking your eligibility will not have an impact on your credit score, applying directly to a lender and being rejected will leave a hard mark on your credit score, which other lenders will see.

There are a number of free eligibility inspectors available, who perform what is called soft search and this does not affect your credit score, but it gives you an idea of ​​the likelihood that the credit will be accepted or not.

How to improve your credit score

There are some basic controls you can do to improve your score:

  • Make sure all your debts are registered with your correct name and address
  • Make sure there are no other errors in your file, such as debts or other people's payments
  • Register in the electoral register at your current address
  • Do not make too many hasty requests for credit, and that includes things like mobile phone contracts. The lenders read it as despair.
  • Apply for the credit you probably get and use an eligibility checker in advance to find out what your chances are.
  • Show the lenders that you are a responsible borrower by borrowing money and paying it. This could be taking a credit card, spending small amounts on it and then erasing the balance. This means that you are not paying interest, but you are building your credit history
  • Do everything in your power to keep all agreed reimbursements, such as setting up direct debits, and request smaller refunds if you find reimbursements impossible.
  • Close all credit agreements that you no longer use

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