The scores you get on websites such as credit expert are indicative only. Each lender develops its own credit scores based on its own experiences of bad debt and other key factors.
Major influencing factors - age / votors / living status + time / employment + time / payment profiles on account conduct and finally indebtness (how much of the credit facility is regularly used)
Major negs - CCJ / Defaults / Insolvency / no trace
There are a number considerations in developing score cards - typically 70+ attributes are considered using a number of stastical techniques to identify which characteristic impacts on either the acceptance rate, bad debt or income potential of the product.
Last edited by Storm on Sun Jun 07, 2009 11:05 am, edited 1 time in total.
The stupid thing is that my daughter, at the age of 18, with no credit history at all, was allowed to take out finance for a computer with no problems at all!
Presumably the fact that her bank account was in order would have counted in her favour? She doesn't even work full time!
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
I suppose that's true Storm. She had never had a problem with the bank and had just gone on the voters list and was in receipt of pay, albeit not a brilliant amount, but enough to cover her payment.
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
