credit rating randomly halved. Need help

9 posts Page 1 of 1
Post Reply
 
 

boomstyliemikey

User avatar
Posts: 2
Joined: Fri Jan 21, 2011 9:12 pm
Location:
Post by boomstyliemikey » Fri Jan 21, 2011 9:14 pm
Quote
Hi guys Ive been rejected for a loan and I cant see why.
All ive had is 2 3 missed payments when I was younger in 2006 and 2008. Everything else is perfect Electoral role, searches ect yet Im getting a credit rating of 295 which is very low even though In October When I checked my credit report It had 400+. Its seems like my credit rating has halved for no apparent reason.
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Fri Jan 21, 2011 9:18 pm
Quote
Hi and welcome

Are you in IVA or Debt management programme?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
Top
 
 

boomstyliemikey

User avatar
Posts: 2
Joined: Fri Jan 21, 2011 9:12 pm
Location:
Post by boomstyliemikey » Fri Jan 21, 2011 9:26 pm
Quote
No I googled a forum for credit rating help and it brought up this website
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Fri Jan 21, 2011 9:32 pm
Quote
Sorry, but I don't think we can help you with this. I can only suggest that you contact the credit reference agencies for a copy of your report to see if anything untoward is recorded and ask them to alter it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
Top
 
 

Julie

User avatar
Posts: 9503
Joined: Thu Feb 14, 2008 10:56 pm
Location: United Kingdom
Post by Julie » Fri Jan 21, 2011 9:49 pm
Quote
Hi,

I agree with Jan, you need to get a copy of your report.There's normally a fee of £2 ( I think) for the report.
Top
 
 

ginger3232

User avatar
Posts: 2610
Joined: Tue Jan 11, 2011 4:06 pm
Location: United Kingdom
Post by ginger3232 » Sat Jan 22, 2011 5:49 pm
Quote
boomstyliemikey.

Dont get to hung up on scores - get some copies of your credit report and check to see what on there . There me be items mention on the report that you nothing about (fradulent). Also if you made application for credit, these are likely to be recorded
Top
 
 

TheMatrix

User avatar
Posts: 2171
Joined: Sat Mar 17, 2007 8:32 pm
Location: United Kingdom
Post by TheMatrix » Mon May 02, 2011 9:36 am
Quote
Your score is made up of a number of factors, not just your credit history. Different companies will score you differently, the criteria is a highly guarded secret but can change. Not even the bank staff know, but I bet they can guess given the number of applications they put though.

Missed payments on your credit file, will affect your credit score. But obviously not as bad as a Default, IVA, CCJ, BR etc. would.

Hope that helps
Last edited by TheMatrix on Mon May 02, 2011 9:36 am, edited 1 time in total.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Mon May 02, 2011 10:26 am
Quote
Hi. Have you been making "blanket applications" ? Too many searches in a short space of time can reflect badly on your score.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom
Post by plasticdaft » Mon May 02, 2011 6:00 pm
Quote
Agree with the others. Get copies of your credit files and see what's on them before applying again. Remember that lenders are becoming more stringent and anything minor on file can lead to rejection!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Top
Post Reply
9 posts Page 1 of 1
Return to “credit”