A credit score is a number generated by a mathematical algorithm, based on the statistical analysis of information in your credit report, compared to information on millions of other people.

The resulting number is a highly accurate prediction of how likely you are to pay your bills. A number, roughly between 300 and 999, that measures an individual's credit worthiness.

Your score is made up of information found in your credit report and can be grouped into the following main groups: Payment History Amounts owed Account Utilisation Age of Accounts Judgments and Defaults Enquiries

Follow the unique goals set by Kudough for guaranteed improvement.

Pay your accounts on time Pay your accounts in full If you have missed payments, get current and stay current.

The longer you pay your bills on time, the better your credit score Keep balances low on credit cards and other “revolving credit”.

High account utilisation can affect a credit score Pay off debt rather than moving it around Owing the same amount but having fewer open accounts may lower your score.

Don't close unused credit cards as a short-term strategy to raise your score If you have been managing credit for a short time, don't open a lot of new accounts too rapidly.

New accounts will lower your average account age, which will have a larger effect on your score if you don't have a lot of other credit information Opening new accounts responsibly and paying them off on time will raise your credit score in the long term.

Re-establish your credit history if you have had problems.

Pay up outstanding debt and negotiate with the credit grantor to remove the default Negotiate with your credit grantor to have a judgment rescinded if you pay it up.

Poor account payment history Delinquent or overdue accounts.

Presence of adverse public records like defaults and judgments.

Severity of delinquency (how many months past due).

Amount past due on overdue accounts Time since (recency of) overdue accounts (delinquency), adverse public records (if any), or collection items (if any).

The number of overdue items on the credit report Amount owing on accounts.

Number of accounts with balances High account utilisation.

How much of the loan amount is still outstanding.

Time since accounts opened Number of recently opened accounts, and proportion of accounts that are recently opened.

Number of recent credit enquiries.

Time since last credit enquiry(s) Re-establishment of positive credit history following past payment problems.

A high number of credit enquires in a very short period of time

No, although you may see an enquiry on your profile, the Kudough enquiry has no impact on your score.