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How can Canopy Grow improve my credit rating?
How can Canopy Grow improve my credit rating?

A new partnership with our Unlimited Student Energy Packages.

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Written by Joanne
Updated over a year ago

Canopy Grow is our new offering which will be available free with our new student unlimited packages. We have joint forces with them to make improving your credit score even easier.

Each month when you make your payments to us at Bunch this information will be passed on to credit agencies to record your energy payments. This could help increase your credit rating over time - some customers have since an increase of over 100 points in their rating in the first three months alone!

You will be sent a link to subscribe with no charge, within 1 month of being in your property and all services are live.

What is a credit score?

A credit score is a numerical calculation based on the information in your credit report. Your credit score is used by lenders to determine your creditworthiness. Your score will go up or down based on your payment history, account balances, new inquiries and a number of other factors.

What is a credit report?

A credit report is a statement that contains information about your credit activity and current credit situation e.g. paying a loan history and the status of your credit accounts

What does credit history mean?

Your credit history is a record of how you repay your debts over a period of time. This is used to judge the risk of lending money to you.

How can Bunch x CanopyGrow improve my Credit Score?

  1. ​​Access your credit score and report regular bill payments to all 3 major Credit Rating Agencies (Experian Equifax, TransUnion)

  2. Get personalised tips on how you can improve your credit score and view detailed insights on what’s holding you back.

  3. Use Canopy’s Credit Score Simulator to create a plan of action and find out what you can do to maximise your overall financial health.

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