New research has shown that the average credit score in the UK has risen over the past year.
Credit ratings company ClearScore found that the average UK credit score has risen from 346 to 380 over the last twelve months.
However, results varied greatly from area to area, with Kingston upon Thames recording the highest average credit score, whilst Sunderland recorded the lowest.
Over five million consumers were analysed over the past year and grouped together by postcode to create a list with the highest and lowest credit scores.
The south of England supplied the majority of the highest-ranking areas for credit scores, with Kingston upon Thames topping the list at an average of 400.16 rating, repeating their top rating of the previous year.
Lerwick finished again in second place on the list with an average score of 395.96 to keep the northern areas involved in the top places.
However, northern areas of the UK made up most of the lowest ten credit score areas, with Sunderland once again taking the bottom spot with an average rating of 318.31, and Kilmarnock in second-to-last place for the second year running with 319.68 the average score.
Top Ten Credit Score Areas
|1||Kingston upon Thames||KT||400.16|
Bottom Ten Credit Score Areas
It should be noted that the highest credit score recorded for a UK area was that of 403.89 for the Isle of Man, however it was deemed that not enough consumers were included to create an accurate average score.
A credit score is a tool used by lenders to decide whether you qualify for certain financial products, such as credit cards, loans or mortgages.
It is usual that the higher your credit score, the more likely you are to be successful in obtaining the best credit deals, though there is no guarantee.
Why not check out our guides section to improve your own.