Credit score

A credit score is an assessment of your creditworthiness, i.e. how likely it is that you will be able to repay a loan or credit. The score is based on information about your finances, such as income, debts and previous payment history.

How credit scores work

The credit score is set by credit reporting agencies and is used by banks and lenders when you apply for a loan or credit card. A high credit score increases the chance of getting a loan approved and can provide better terms.

Factors that affect the credit score

Your income, employment status, existing debts, payment history, and how many credit reports have been taken on you affect your credit score.

Advantages of a good credit score

A good credit score can lead to lower interest rates, greater loan choice, and higher credit limits. It shows lenders that you are a reliable borrower.

Tips for improving your credit score

Pay your bills on time, avoid taking on too much credit at once, and build a stable, long-term financial foundation. This will help your credit score to improve over time.

The interest rate is variable and set individually. For an annuity loan of 310 000 kr with a 12-year term, a nominal interest rate of 8.19% and 0 kr in setup/administration fees, the effective interest rate will be 8.50%. Total amount to repay: 487 869 kr. Monthly cost: 3 388 kr spread over 144 installments. Your application will be sent to the lenders that best match your profile. Repayment period 1–20 years. Maximum interest rate is 22.99%. Interest range: 4.95% – 22.99%.

Borrowing costs money!
If you are unable to repay the debt on time, you risk a payment notice. This can lead to difficulties in renting a home, taking out subscriptions and getting new loans. For support, contact the budget and debt counseling service in your municipality. Contact details can be found at konsumentverket.se.

This is how the process works when you apply for a loan with Compari:

1) Fill in the form

You fill out your application and submit it.

2) Get up to 40 offers

We send your application to the loan brokers with the best chance of getting your loan approved.

3) Choose the best offer

Choose the offer that best meets your needs, completely without obligation.

Vid ansökan via en låneförmedlare görs alltid en kreditupplysning. Sambla, Axo Finans och Enklare använder UC. Klara Lån och Creditstar använder Dun & Bradstreet för mindre lån och UC för större, medan Ferratum använder Creditsafe. Därför kan flera kreditupplysningar tas om du ansöker genom Compari.

FAQ

Here you will find answers to the most frequently asked questions
What is a credit score?
A credit score is an assessment of your creditworthiness, that is, the likelihood that you can repay loans or credit.
Who determines the credit score?
The credit score is determined by credit reporting agencies that collect information about income, debts, payment history, and other financial factors.
What affects the credit score the most?
The most important thing is whether you have payment records, how high your debt is, your income, employment status and how often credit reports are made on you.
Why is a credit score important?
Lenders use your credit score to decide whether you will get a loan, credit card or installment plan. A good score can result in lower interest rates and better terms.
Can I improve my credit score?
Yes, by paying bills on time, reducing debt, avoiding too much credit, and building a stable economy, your credit score will improve.
Do many credit inquiries affect my credit score?
Yes, too many credit inquiries in a short period of time can lower your score because it signals that you are applying for a lot of credit at the same time.