Your Experian credit score might be about to drop – but remember it's what's on your credit FILE that really counts

Your Experian Credit Score Is Changing

Credit reference agency Experian will soon update its credit score system, moving from a maximum score of 999 to a new scale out of 1,250. This change is set to roll out starting mid-November, with all users transitioned by the end of the year.

What This Means for Your Credit Score

While your Experian credit score may shift due to this update, the underlying information on your credit file will remain the same. According to MoneySavingExpert, it is the actual data in your credit report, not the score, that lenders rely on when deciding whether to grant credit.

Impact on Score Bands

Experian expects approximately 44% of users to see their score band drop (for example, from "Excellent" to "Very Good"), while about 42% will see an increase to the same or a higher band. Along with the scoring change, the "bands" that label your score are being adjusted. Notably, Experian is removing the "poor" bands to avoid discouraging users.

New Score Bands Overview

"More than four in 10 of its users (44%) will see their score band drop as a result of the changes (for example, from 'Excellent' to 'Very good'), while roughly the same proportion (42%) will see a higher score and the same or a higher band." – Experian announcement

About Experian

Experian is one of the UK's three main credit reference agencies, alongside Equifax and TransUnion.

Author's summary: Experian's credit score update changes the scoring scale and labels but leaves the core credit file data intact, which remains key for lenders' decisions.

more

Money Saving Expert Money Saving Expert — 2025-11-03

More News