Zilch shares information with credit reference agencies – these are independent companies that securely hold data about your financial history (including credit card applications and payment habits) and score your overall behaviour with a mark out of 0-999.
Missing payments with Zilch can negatively impact your credit score, while paying on time or early could help you build your credit score.
We run a soft credit score check when you sign up to Zilch – this doesn't affect your score and helps us calculate the best Zilch credit limit for you.
We will only start sharing your account status with credit bureaus once you have an active, open account that has passed all verification requirements.
Why has my credit score gone down?
Why has my credit score gone down?
Missing payments or making late payments for credit cards (like Zilch) can negatively impact your credit score, making your score go down.
If you can't make a payment by your due date you can Snooze to delay a payment. If you need more help or are dealing with financial difficulties, please get in touch.
My credit score is wrong
My credit score is wrong
If you think your credit score isn't right, let us know by getting in touch or starting a Live Chat in the app. You can also contact the credit agency who ran the check, they should be able to raise a dispute for you.
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