Posted: Wed Mar 14, 2012 6:15 am
Can anybody answer me why I have a credit rating thats improved from fair to good over the last week or so.My score has increased by 79 points to 893???This was done by experian.
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Posted: Wed Mar 14, 2012 6:20 am
Shane - the credit scores mean very little in actual fact...they often fluctuate up and down and until your record is completely cleaned of any IVA (after the 6 years from day 1) and your defaults removed from any creditors the acceptance for any credit will be very difficult, even if approved by your IP.
Posted: Wed Mar 14, 2012 8:26 am
You'll find that creditors apply their own criteria anyway so even if Experian say you've a good rating you may well get turned down if you apply for anyone.
I had this happen a few years ago prior to my IVA when Nationwide would only give me a basic account and my credit record was fine. No amount of badgering on my part would make them budge. I went out of the branch, across the road to Barclays and an hour later had a full account complete with cheque book, debit card and a credit card!! I was at the top of their lending criteria.
I had this happen a few years ago prior to my IVA when Nationwide would only give me a basic account and my credit record was fine. No amount of badgering on my part would make them budge. I went out of the branch, across the road to Barclays and an hour later had a full account complete with cheque book, debit card and a credit card!! I was at the top of their lending criteria.
Posted: Wed Mar 14, 2012 6:37 pm
The explanation I was given as I asked the question is that as time goes on any defaults / iva recorded have less impact on your credit score.
AS IF !!!!
Don't bother with the score, it's next to useless and certainly not worth paying for every month to get.
AS IF !!!!
Don't bother with the score, it's next to useless and certainly not worth paying for every month to get.