South East London has the lowest credit scores in the United Kingdom
According to ClearScore, an online credit checking tool the residents in South East and East London have the worst credit score with those living in the Orkney Islands and Shetland Islands having the highest.
A credit score is the result of many factors and your post code does not affect your personal credit rating. However, it certainly is consistent with those who have a saving mentality. If you live on a wind swept island, you probably know to prepare for a rainy day.
Bottom Five Credit Scores in Britain
|
Rank |
Area/Post Code |
Average Credit Score |
|
1 |
South East London (SE) |
361.15 |
|
2 |
East London (E) |
361.56 |
|
3 |
Southall (U) |
370.38 |
|
4 |
North West London (NW) |
371.87 |
|
5 |
West Central London |
372.76 |
Source: ClearScore
The high cost of living in London is not the only cloud on the horizon for people wanting credit.
Social media is also very popular in these areas. And of course, more and more companies are considering how social media can be used also to provide indicators of credit worthiness. Some are examining how many friends you have and others the tone and language you use on your social media channels.
It seems that privacy and confidentiality are more important than ever.
