look at the three credit agencies - Experian/Equifax both offer credit scores, you have to pay for these- BUT they mean nothing as each creditor has its own way of marking applications.
In effect just because you have a good credit score, it is not automatic that you will be offer credit
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
The truth of the matter is, there is no such thing as a credit "score". All lenders will have different criteria to meet. Equifax and Experian will provide you with a "score", but at a price, and it is only an indication of how a lender may view your application.
Otherwise known as "Tom". [:)] IVA proposal currently being drafted by Liberta Financial.
I got my two scores from Equifax and Experian and they were wildly different. Experian Credit Expert rated me as 900+ Excellent (but still showed my IVA and defaults albeit they are very old now)
Equifax showed me as 250 Very Poor - a more realistic appraisal I think.
Checkmyfile showed it around the same (247) and is based on information from CallCredit and Equifax.
In my opinion the checkmyfile was by far the best and clearest at explaining how the score had been arrived at and what I could do to improve it etc. As well as when negative information would drop off.
Every lender scores differently so these scores are only an indication of what a lender might arrive at. The credit scoring process is a highly guarded secret. In this day an age though any defaults or IVA showing on your file is likely to end in a polite "No" from any future lender. So is it really worth checking your credit record if you already know what the outcome will be?
The only reason I checked was to verify the accuracy of the information on there and as my IVA has ended to check when the record will be clean again.
If you are part way though your IVA I wouldnt waste money on credit scoring yourself. You'll only be disappointed with the results.
Good Luck
"Just when you think that you can make ends meet, somebody moves the ends."
I certainly wouldn't bother part way through. I shall check mine again when my six years is up and clean up the defaults.
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
