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Why your credit score is being reassessed this year

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A MAJOR shake-up to the UK’s credit scoring system is under way, with millions of people set to see their Experian credit score change before the end of the year.

The move follows growing pressure from banks, regulators and competition within the credit industry, all pushing for a clearer and more accurate picture of how people manage their finances. Although Experian insists the new score will not affect any live credit applications, the update may mean some people see their number rise or fall.

A changing financial landscape

Banks and lenders no longer rely on outdated snapshots of a customer’s financial history. Instead, they increasingly use detailed behavioural data — including how consistently people pay their bills, how they manage Buy Now Pay Later (BNPL) accounts, and whether their credit use is trending up or down.

Experian’s current scoring model was built nearly a decade ago. With the way people borrow and spend now shifting rapidly, the company says its score must match what lenders actually look for.

Competition pushing improvements

Over recent years, rivals such as ClearScore and TransUnion have offered more detailed, modern scoring systems. These platforms allow users to see exactly why their score moves and how certain habits influence their rating.

Experian has been under mounting pressure to modernise. Consumers often complained that an “excellent” Experian score didn’t always match the decisions made by banks, leading to confusion and mistrust. The new scoring model aims to close this gap.

Growing demands from lenders

Banks have also asked for clearer alignment between what they analyse and what customers can see. Lenders now consider factors such as:

BNPL activity and repayment patterns

Trends over time, rather than a single month’s snapshot

How late a payment was (one day vs 30 days)

Recurring spending and affordability signals

Stability factors such as address and account age

The new Experian score will place greater emphasis on these modern indicators, giving users a clearer idea of how applications are assessed.

Regulatory pressure for transparency

The Financial Conduct Authority has repeatedly urged credit reference agencies to improve clarity and reduce misleading scores. With millions now using BNPL services and subscription-style credit, the regulator wants models that reflect the realities of today’s borrowing habits.

Experian’s update is designed to offer more explanation and more transparency, showing customers exactly what affects their score and how to improve it.

What this means for you

Everyone in the UK using Experian will be switched to the new score by the end of the year. The number you see may change — in some cases rising, in others falling — but it will not alter how lenders view any current applications.

Instead, the new score is intended to help customers understand:

which accounts and habits help their rating

which ones lenders see as risks

how BNPL, utilisation and payment history are now interpreted

the actions that make the biggest difference over time

Experian says the new score will remain free and will give a “more up-to-date view” of how lenders assess your credit report.

A more realistic picture

For years, consumer credit scores have lagged behind the systems used by banks. This update brings Experian’s model in line with modern lending, competition across the industry, and the expectations of regulators.

In short: your score is being reassessed because the old one no longer reflects how the financial system works. The new model should offer clearer guidance, more transparency, and a fairer reflection of how you manage your money.

 

Business

Oil firm praised for putting customers first during price surge

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A PEMBROKESHIRE heating oil supplier has been praised by a local customer after choosing to honour its original prices despite a sharp rise in fuel costs.

Sarah Maling contacted The Herald after receiving a delivery from J E Lawrence & Son Ltd, saying the company had prioritised fairness to customers during a period of intense demand.

The customer had ordered around 800 litres of heating oil on March 2 after her tank began running low. However, due to extremely high demand, the company was unable to deliver until Friday (Mar 13). Despite heating oil prices increasing rapidly since the order was placed, the firm honoured the original quoted price and delivered 500 litres instead, ensuring more households could receive some oil.

Sarah said the delivery driver arrived at her home at around 11:30am after already completing 27 deliveries that day.

She said: “Prices have gone insane since I ordered yet they stuck with the quoted price and delivered 500 litres and explained why in the letter.

“This is putting the customer before profit and making sure everyone who needs oil will hopefully get oil at a more affordable price.

“I just wanted it acknowledged that not all delivery companies are out to make a profit but care about their customers – the people of Pembrokeshire.”

The letter included with the delivery explained that distributors across the sector had cancelled existing orders as prices surged last week.

However, the company said it had chosen not to cancel earlier orders and instead decided to limit deliveries so that more customers would receive some fuel.

The letter stated: “We have experienced huge volumes of orders and deliveries are now taking two to three weeks.

“Most distributors cancelled existing orders when prices increased rapidly last week, and those customers had to go to the back of a very long queue with another supplier.

“We have chosen not to do that and your original price has been honoured.”

The company added that limiting deliveries was the only way to ensure all customers could receive oil during the current supply pressures.

It apologised for the inconvenience caused but said the situation was being driven by “a very uncertain climate which is outside our control”.

 

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Business

Legal action backed in case over development at Dinas Cross

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LEGAL action against a landowner, who repeatedly failed to comply with an enforcement notice served back in 2023, has been backed by Pembrokeshire’s national park.

Members of Pembrokeshire Coast National Park’s March development management committee meeting were asked to back delegated authority for prosecution proceedings in the magistrates’ court for failure to comply with steps required to be taken by an enforcement notice on land to the south of Parc Yr Eglwys, Brynhenllan, Dinas Cross.

A report for the committee said that, in May 2023, the park received a complaint that a green field in the open countryside had been stripped of its vegetation and turned into a mobile home park by the new landowners.

Following a site inspection, a planning contravention notice was served in relation to the removal of hedgebanks/hedgerows, widening of the existing access, alterations to ground levels, construction of a track and the siting of a storage container.

After that, a 2024 retrospective planning application was received by the park seeking retention of the hardstanding area, siting of storage container and additional landscape works, which was refused that May.

“As no voluntary steps were taken to remedy the breach of planning control and no appeal made against the refusal of planning permission, the Authority considered it expedient to issue and serve an Enforcement Notice as the development and use of the land resulted in an unnecessary incursion into the rural countryside which causes a significant visual intrusion to the detriment of the special qualities of the National Park,” the report said.

An enforcement notice was service in January 2025, but, the following month, the landowner lodged an appeal with Planning & Environment Decisions Wales, which was dismissed that June; the enforcement notice taking effect.

A further application, seeking permission for a small-scale seasonal campsite on the land was received in June 2025, subsequently refused that October; officers confirming to the landowner the enforcement notice remained in effect, running through to January 3 of this year.

A site inspection undertaken by officers on January 6 confirmed the breach of planning control continued, the report added.

This was followed by a further planning application seeking to regularise the development on January 21.

That application was refused on March 9.

The report concluded: “The landowner has had multiple opportunities to regularise the development through both retrospective applications and an appeal against the enforcement notice. Those processes have not resulted in permission being granted nor compliance being achieved.

“The continued failure to comply with the enforcement notice undermines the integrity of the planning system and public confidence in its proper operation.

“It also results in an unnecessary incursion into the rural countryside which causes a significant visual intrusion to the detriment of the special qualities of the National Park.

“Officers therefore consider it expedient and in the public interest to pursue prosecution proceedings should the breach remain unresolved.”

Members backed the recommendation.

 

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Business

Tesco B&Q Haverfordwest click and collect pod approved

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PLANS for a B&Q ‘click and collect’ pod at a Pembrokeshire supermarket, to save customers having a make a round trip of nearly 60 miles to the nearest home improvement store, have been approved.

In an application to Pembrokeshire County Council, B&Q Ltd, through agent Pyrke Planning, sought permission to install a modular ‘Click and Collect’ pod, with associated livery and signage, on the access road to Haverfordwest’s Portfield Road Tesco Extra superstore.

The application included a related scheme for signage for the proposal.

A supporting statement said: “This planning application seeks permission for the installation of a Click and Collect pod to be operated by B&Q Limited within the car park of the Tesco Extra store at Portfield Road, Haverfordwest.

“It does not involve any construction but simply the placing of a modular unit within the car park which, together with dedicated collection spaces, will take up 12 parking spaces and be situated within the customer car park.

“B&Q Limited (B&Q) is the UK’s largest home improvement retailer, serving both the general public and tradespeople. It supplies a wide range of DIY, home improvement and garden products, primarily from its stores across the UK but also through its online website.

“The trial of a new fulfilment service – B&Q Collect – in partnership with Tesco, is another step forward in their evolution. It gives customers greater choice over how they collect and return their items and helps make it easier to do their home improvement projects.

“B&Q does not have a store in Haverfordwest, with the nearest outlets being situated in Carmarthen (28 miles), Llanelli (37 miles) and Swansea (46 miles).

“It is consequently proposed to introduce a click and collect option for DIY customers and local tradespeople to allow next day collection of products which it is inconvenient for people to have delivered at home and to remove the need for a minimum c.50-mile plus round trip to one of the established stores.”

No objections to the proposal were raised by Haverfordwest Town Council.

The application, and the related signage scheme, were conditionally approved by county planners.

 

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