London postcode has highest average credit score

People living in the Eastern Central London postcode (EC) have the highest average credit scores in the UK, according to price comparison site MoneySuperMarket.

Analysis of over 200,000 credit reports from MoneySuperMarket’s Credit Monitor has revealed that those in the EC area have the highest average credit score at 583 out of a possible 710 points – 21 points higher than the UK average.

According to MoneySuperMarket data, the Surrey town of Guildford has the second-highest average score across the UK – 13 points higher than the average score in London (565).

By contrast, residents in the north of England and parts of Scotland have some of the lowest credit scores in the country. Sunderland (548), Wolverhampton (549) and Kilmarnock (550) are the three lowest scoring postcodes.

Sally Francis-Miles, Money spokesperson at MoneySuperMarket, said “Although your credit score isn’t directly impacted by where you live, our research shows those with an EC postcode are the top credit scorers in the UK and are therefore likely to be most highly rated by lenders.”.

“What will strengthen your credit score is making sure you are registered on the electoral roll – it’s easy to do too. Using a credit card can also help. It doesn’t automatically improve your credit rating, but if you repay the balance in full every month, it shows lenders that you are reliable and credit worthy.

“Additionally, free-to-use monitoring services, such as MoneySuperMarket’s Credit Monitor, offer personalised tips to help increase your credit rating.”

Postcodes with the highest credit scores:

Location	Average Credit Score
EC – Eastern Central London	583
GU - Guildford	578
KT - Kingston upon Thames	577
RG - ReadingW – Western London	576
E – East LondonRH - Redhill	575

Postcodes with the lowest credit scores:

Postcode	Average Credit Score
SR - Sunderland	548
WV - Wolverhampton	549
KA - Kilmarnock	550
DN - Doncaster	550
HU - Hull	551

Click here to view the report in more detail.