Refused credit

Employed full time - Yes
Paid monthly - Yes
Married - No
2 or less children - No children
Same job for 5+ years - Yes
Same address for 5+ years - No
Mortgage - No
Salary over 30K - No
Over 30, under 60 - Yes
Good post code - No idea

Very frustrated at the moment as I was refused credit the last time I applied. I have a fair/good credit rating with Credit Expert but CallCredit need ID from me to build a score and the same with Equifax. I have just tried Noodle and it's the same story... We are unable to validate your identity.
The previous address I was at for just under 5 Years and got my last phone contract there. I'm on the Electoral roll and that is shown on Credit Expert....

/grumble
 
It likely was the mortgage Monserrat. If you owe a lot and have a house then lenders can try to have a judge secure the lending against your property. That means people with mortgages are less likely to default. Conversely if you rent then you can up sticks and leave and they have to get a debt collector to try to trace you.
 
Not much to add with regards to helping. But I'm very surprised you got rejected! You seem in a very good position to pay back what you're wanting to borrow. Surely that's what matters. Some of the people I see with credit, and their obvious in ability to repay astounds me sometimes.

Put it this way, I was granted a Credit card many years ago while I was on JSA! £1000 credit limit. It's strange how they weigh up who can and can't have one
 
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If you've always been paying cards and bills off in full and on or before time you may well be refused, especially if you're just after a credit card from the bank and don't have any current account/savings with them - banks ideally want people to rack up bills on a credit card and pay back the minimum each month as this is extra revenue for them.
 
Rhodri2311 said:
If you've always been paying cards and bills off in full and on or before time you may well be refused, especially if you're just after a credit card from the bank and don't have any current account/savings with them - banks ideally want people to rack up bills on a credit card and pay back the minimum each month as this is extra revenue for them.
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That's a myth. Customers who pay their credit card off in full each month are desirable.
 
The Halk said:
If it helps...

Employed full time
Paid monthly
Married
2 or less children
Same job for 5+ years
Same address for 5+ years
Mortgage
Salary over 30K
Over 30, under 60
Good post code

Those are key things on the profiling, last time I looked, your credit history is also looked at, but there's lots of refusals possible if you don't hit most of those.
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+1

Must be on the electoral role!!!
 
i never had credit card all in my live. also never ever had in debt. i always careful with money.

applied for credit card few weeks ago, going to use it to pay a car rental in spain. i got accepted.

bad debt, miss payment or anything like that will hurt your credit rating for very long time
 
I know this might not help, but did you apply for the CC online with Natwest?

I did this with mine when I got it a few years ago, they sent me a letter saying that my application had been unsuccessful and I couldnt have a CC with them.

3 days later it turned up, in my name, statements and all to this day. Never questioned it and just used it as normal!
 
One question for the OP: are you financially linked to any other person i.e. you have a joint bank account? I've heard of people that have been refused CCs because their partner has a bad credit rating. Sounds crazy but as other people have said they are tightening up the requirements.

From what you've said you don't sound like much of a "risk" to them, which is ultimately what they are looking at.
 
Most annoyingly, apparently if you check your credit rating often that also affects it negatively. Why, I don't know, neither do I know how often you're allowed to check it without doing damage to it, but it's very irritating.
 
Deadbeat said:
Most annoyingly, apparently if you check your credit rating often that also affects it negatively. Why, I don't know, neither do I know how often you're allowed to check it without doing damage to it, but it's very irritating.
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That's not correct. The footprint left by you checking your own credit file is not visible to lenders.
 
Milkybk said:
I checked mine twice in 3 days, the second time was totally by mistake when I was just browsing the CreditExpert member bit. I'm using a free trial but it's still very annoying.
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Lol!! That's absolute bullpoop :D

As tha halk said, only you can see that you've viewed your credit file, no one else.

I check mine once a week at least with experian & equifax
 
Handy site that Noddle!

Just checked and i'm apparantly 5/5 woo! All my loans have always been paid off in full, on time (and early in most cases). Currently have £0 on my credit cards too!
 
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