How is your credit rating assessed

We go into depth about how lenders, lenders and credit rating agencies assess your credit rating and also provide good advice on how you can improve your credit rating.


Creditworthiness is a person’s or a company’s ability to pay off their loans and other debts. This ability is due to a large number of factors but is often simplified in rating classes. The ability can be expressed from A to C, from 1 to 100 or in many other ways where one end of the scale indicates very high risk and the other end of the scale indicates low risk. The assessments are often made by credit rating agencies.

A low credit rating means that there is a high risk that the person or company will not be able to pay their loans on time. In essence, there is a dividing line between those who have no payment notes and who usually get to borrow if the income is sufficient for the loan size and those with payment notes that are rarely granted loans and then at higher interest rates.

Through Good Finance you can borrow money with and without payment note. You can read more about payment notes and about borrowing with a payment note on other sections on our website.

When lenders and other lenders process your loan application, they always start from the credit rating you have. Your credit rating is thus important for your ability to obtain a loan and to a large extent determines both the amount of the loan and the terms you are offered.

How can I improve my credit rating?


Your credit rating is a consideration of a number of factors that together show your ability to pay off loans and other debts.

Exactly how creditworthiness is determined are business secrets for the credit information companies, but the factors that are mainly investigated are:

  • income Data
  • The number of credit commitments and their size
  • The number of registered credit reports
  • Payment notes and other notes
  • Information about your assets such as vehicles and real estate
  • Information such as your marital status

If you have payment remarks, your credit rating will be adversely affected. A note automatically disappears two to three years after its creation, depending on the type if you cannot prove that the note is incorrect and gets the information corrected. On this page you can read more about how to correct an incorrect credit report.

Another thing you can do to affect your credit rating in the positive direction is to remove or pay off credit promises. The fact that you have the opportunity to use a credit at any time means an uncertainty that lenders must calculate. Removing the uncertainty also increases the possibility of being granted a loan.

Positively affected by increasing your income and reducing your expenses

Positively affected by increasing your income and reducing your expenses

Other things that can affect your credit rating are; changed marital status because it often entails changes in the burden on the economy, the existence of marital preferences, if you run a business and in such cases in which form of business, increased or decreased tax value of the properties you own, past and present debt balance, the number of credit information during the last 12 month period and if you have recently exceeded any credit limit.

Some companies offer services where you can see in more detail an overall picture of one’s finances. You also have the right, free of charge, once a year, to contact a credit reporting company and request the information that is registered about you.

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