I have been informed by Capital One that they are going to raise my credit limit from £1000 to £2000 in June.
My credit rating on there has gone up gradually but I am still a little confused as to what they class a good credit rating etc.
It went up a few months ago to 475 and just this month to 487 and hopefully, once the credit limit takes force then it could go up again.
It says on the report that the Average Rating locally is 408 and that of the UK 380.
So does anyone know what mine of 487 means and what they class as good or excellent?
Experian have advised us that a 999 score is actually a false score - quite a few people have it but it normally means that they can't find people (generally down to a lack of credit being taken in the last 6 or so years where IVAs are concerned) - so it sounds great but it's quite misleading unfortunately.
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