Hi, I have just registered with Experian and received my first credit report today. I was quite surprised to see a score of 956 and a rating of good. Is this normal, i was expecting it to be as bad as it could get? My IVA and defaulted accounts are all listed as they should be.
Any comments would be welcome as I'm new to viewing credit reports.
The score and rating are meaningless and are a device to make buying credit reference agency subscriptions appear more inviting.
Each lender will look at the history rather than the score and each lender has their own criteria and preferences as to who they will do business with.
Whilst the IVA is showing anywhere on the report your score is worthless.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Incidentally, I assume you have signed up for the free trial -- remember to cancel within 30 days !
Rather than sign up for these services ( unless you want the benefits of search alerts and ID fraud protection ) statutory reports are available from all of the agencies for £2 a pop, whenever you feel the need.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Me..with iva entry near the last month of iva,got a below average score.OK.
After iva with mortgage and credit card payment history, got excellent rating and 4/5 with Noddle.
That sounds more in line with commonsense.
Go with Equifax or just plain free Noddle.Equifax is the best for 9 pounds a month.I ditched experian.