How to check your credit score in Sweden in 2024? All you need to know

Credit Score in Sweden: How To Check And Improve It (2024)

I often get many questions regarding how to check your credit score in Sweden when applying for both credit cards and loans, and how to get a good credit score, so I’ve decided to cover these topics in more detail.

Long story short: staying on top of your credit score is essential to having a good financial life. Moreover, it can save you thousands by negotiating a better interest rate for your mortgage or loans at your bank. All you need to do is to check your credit report with Kreditkollen or uScore, and use that information to negotiate with your bank. You can also check your credit report unlimited times to see how it improves. I went from a “bad” credit score (1.7% risk) to an “excellent” one (0.1% risk)

The day I almost lost 670.000 SEK

Read my story about UC ID Skydd and why you need ID theft protection.


Best for: general idea of your score
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minUC Kreditkollen
minUC Kreditkollen

Best for: following your score over time
For serious followup of your finances

What is a Credit Score?

A credit score is just a number that predicts how likely you are to pay back a loan on time. Important to know: credit scores are calculated by private companies (not the government), and they use a mathematical formula – called a scoring model – to create your credit score from the information they can gather about you.

For example, some information they consider is

  • Your salary
  • Your bill-paying history (do you pay your bills on time? How much do you spend?)
  • Your current unpaid debt
  • The number and type of loan accounts you have
  • How long have you had your loan accounts open
  • How much of your available credit you are using (do you use all your credit card limit?
  • New credit applications (do you apply for credit cards? how often?)
  • Whether you have had a debt sent to collection, a foreclosure, a bankruptcy, etc.

Private companies who calculate a credit score often get this data from banks, financial institutions, and public entities. There is no “one” credit score, since there could be many companies calculating this and applying a different formula

In Sweden, there are a few companies providing a credit score, including UC, CreditSafe, and Bisnode.

What is a Credit Report?

A credit report is a statement that contains your credit score, along with other financial information about yourself. Think of it as a summary of how you have handled credit accounts. Credit reports are important because they tell institutions and people how “financially stable” you are and how much banks can trust that you will return the money you borrow.

Do you get your salary every month? Have you been paying your taxes? Do you struggle to pay your credit card? Have you borrowed money from other banks? All these questions are answered in a credit report.

What is a Credit Check?

A credit check is when someone asks for your credit report. A credit report is requested when you buy something on credit, want to start a subscription, get a new credit card, or apply for a loan. The credit report gives information about your financial status and circumstances affecting your ability to repay a loan.

What happens when someone runs a credit check on me?

Luckily, in Sweden, it is your right to be informed when such information has been requested, and you also have the right to receive a copy of what information has been shared with the requesting credit report company. Since only a few companies provide credit reports (UC, Bisnode), they will send you a copy to your email address, digital mailbox (Kivra), or physical address.

Each time a credit check runs on you, your credit score will be worse since they often calculate how often you ask for loans or credits. So DO NOT trigger credit checks on you frequently, or your score will be ruined!

Also, companies often do not run random credit checks on you if you don’t ask for them. Thus, you don’t need to worry about banks ruining your score for no reason (and you should keep an eye out if you get notified about a credit check if you didn’t ask for it).

Can I check my credit score in Sweden?

Yes. In Sweden, you can use minUC to check your UC score or uScore as an alternative. Checking your credit score does not make it worse.

Let’s look at the differences between minUC vs. uScore below.

minUC Kreditkollen 2022. Check your credit score in Sweden.

minUC Kreditkollen

All major banks and financial institutions rely on UC scores. If you want to get a mortgage, ask for a credit card, or get a private loan, they will run a credit check with UC.

Today, only UC enables individuals to find out their credit rating through their website minUC. You can pay SEK 29 to see your current UC Score and credit rating (a one-time fee). You can also subscribe to their service, Kreditkollen, for SEK 49/month. With Kreditkollen, you get unlimited access to your credit rating, and you can see how your credit rating develops over time (see my demo below). Click here to view your credit score and UC Score.

What is the UC score?

The UC score used in the Kreditkollen service is between 1 and 999. It shows your UC Risk Forecast (you want to achieve as high a number as possible); it is a measure of your creditworthiness and affects your chances of being granted loans and credits. You can follow your UC score and see how your personal finances are developing using Kreditkollen.

UC Score
Very Good635-744
UC score ranges

The UC score is only used in the Kreditkollen service to easily follow changes over time, while UC Risk Forecast is part of the decision-making basis that banks and other lenders often look at when you apply for loans or credits.

If you approach your bank to negotiate a loan, you can use your UC Risk Forecast as a basis for the discussion.

Both UC Risk Forecast and UC score are based on the information in your credit report. That’s why the Kreditkollen service also gives you free access to your information. You can find your UC Risk Forecast and credit information under “Report” in Kreditkollen.

KreditKollen: my experience

I have been using this service since 2016, and totally changed my finances. I’ve been able to negotiate a mortgage interest rate cut from 2.24% to 1.05% (which saves me thousands of kronor every month!)

I love that the service is both in English and Swedish, and they have been adding more and more features, particularly since 2020.

Here’s the dashboard you see when you log in. You can see your risk forecast, as well as your recent credit checks. Note that I was able to come down to 0.1% (excellent score) from 1.7% (fair)

minUC dashboard

when you select “Mitt UC score” or “my UC Score”, you see the following screen:

minUC UC score

See how my score decreased from 806 to 757 because I applied for a new credit card. Even though it got worse, it is still “excellent”. This means I could apply for another credit card without any big issues.

I would totally recommend giving minUC Kreditkollen a try to see what your current score is and how it improves over time, at least for a year. You can make many informed decisions about your finances, including which credit cards to apply for, when, and how to negotiate better rates for your mortgage.

Knowing this information can save you thousands of kronor.

uScore (free credit check)

uScore (formerly was known as minKreditkoll) a new player in the game and has been around for only a couple of years. uScore wants to make it easier for Swedes to get control of their own data and know what value it can give them.

While I’ve been mainly using minUC Kreditkollen, the service is paid, and you must subscribe to it. It’s worth it if you want to be on top of your credit score and be serious about improving it. However, uScore is a good start and has some other advantages.

uScore Advantages

  • See your own credit check for free.
  • Understand your credit score. Learn what’s behind your credit score so you can improve it. You also see any payment notes.
  • Get control of your loans and credits. You can also download data about your loans and credits and have your loan situation analyzed. We show you which loans you have, which of these you should get rid of, and how to get rid of them. That way, you can easily save money every month!
  • A free benefits club. With uScore, you don’t just get a credit score – you get membership in an advantage club, where you get, among other things, free monitoring of your credit score, regular advice, offers adapted to your financial situation, and much more.

So, what’s the catch?

While minUC is the “official” way to check your UC score and has been around for longer, uScore provides a FREE alternative to checking your score and can be quite useful if you have no idea where you are standing

Why is it free? Well, the business model behind uScore is different. Once you log in, you can apply for credit directly through their platform, and if you are approved, they earn a commission. That’s how they earn money compared to minUC, which is a fixed price (subscription)

uScore: My Experience

Here is what you see when you sign up and first log in. Populate your email and confirm the terms and conditions.

uScore sign up

Then, you see your dashboard with your credit score (1 to 100). In my case it was 94 the first time I logged in.

minKreditkoll dashboard

You can also see offers for you (loans, credit cards, etc.)

minKreditkoll offers

wrap Up

Staying on top of your credit score is essential if you want to have a good financial life. Moreover, it can save you thousands by negotiating a better interest rate for your mortgage or loans at your bank.

All you need to do is to check your credit report with minUC Kreditkollen or uScore and use that information to negotiate with your bank. You can also check your credit report unlimited times to see how it improves.

Both Kreditkollen and uScore are great options, although Kreditkollen is more “official”. I’ve been using them since 2016 with great success: I went from a “bad” credit score to an “excellent” one (0.1% risk)

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