Different lenders score you in different ways, you don't actually have a single credit score/rating but rather lots of them.
Can your credit rating drop if your good with finances?
- Thread starter glenimp617
- Start date
Different lenders score you in different ways, you don't actually have a single credit score/rating but rather lots of them.
Soldato
Apparently you can disappear from all credit checks - I have. No matter what credit score website I use the sites all come back saying I don't exist, this is despite me having had credit cards in the past and having purchased a few bits and bobs on 0% finance over the years. All were paid off on time and without a problem, but yet I still don't exist.
Soldato
Regardless of anything causing a drop, remember that the Experian score is just an arbitrary number that they use to give you a visual representation of your history. In actual terms of being able to get credit it means less than nothing; each lender will judge your history based on their own criteria.
Soldato
How long ago in the past? Your credit history only goes back 6 years.
Soldato
Credit card about two years ago, 0% finance a lot longer than that so that may not show up.
- Joined
- 30 Sep 2005
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Back up to 997
Don
No mortgage either?
Associate
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I think it's worthwhile paying attention to your credit score as it shows up other issues.
I found that I had a credit link to a former girlfriend from 10 years ago which I then had removed. I would imagine that you see if someone else had been signing up to things in your name too.
I found that I had a credit link to a former girlfriend from 10 years ago which I then had removed. I would imagine that you see if someone else had been signing up to things in your name too.
Don't need revolution, just need to stay away from debt.
Well good luck buying a house without it.
Soldato
No, didn't need one. I inherited my house.
Don't need revolution, just need to stay away from debt.
So when you pop out your star trek universe where everything is free and the pursuit of knowladge is the most awesome thing ever, the rest of us need a leg up now and then mainly on the home front
A mortgage is understandable, as I don't expect people to have £120,000 hanging round their back pocket (what this buys you, obviously depends on where you liveSo when you pop out your star trek universe where everything is free and the pursuit of knowladge is the most awesome thing ever, the rest of us need a leg up now and then mainly on the home front
)Things like car, insurance, food, etc, just live simply.
Why do you guys care about a number changing? How does your credit rating being 900 instead of 999 affect your life? When I got a Mortgage I'd never even had a credit card, it was given based on an affordability assessment and the fact I had saved up a deposit
Soldato
remember 5 years ago been turned down for a £100 overdraft (dd buffer) on my halifax current acount when i had well over 100k in their savings account (only due to selling up and been inbetween houses) not sure why as they then gave me a 34month interest free credit card
Caporegime
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- 38,372
So you don't own a car or have home insurance?
otherwise you would show up under insurance checks, etc.
so I'm smelling BS here.
Same I don't understand the infatuation with credit rating, it's almost a made up thing.
We had to show we could afford double the rate we borrowed at by providing 6 months current accounts.
That was it at no point did they mention credit rating.
I have a credit card, I have a personal loan. But they just want to see that you can afford what your asking for.
Same with the personal loan not mention of needing a certain credit rating.
Soldato
It is the essence of gamification of personal finance.
Create a scale and an internal system to rank people on it. Collect their personal data and then us it to sell them things to improve their number. Pretend you care. Profit.
Create a scale and an internal system to rank people on it. Collect their personal data and then us it to sell them things to improve their number. Pretend you care. Profit.
Soldato
Drive a fully legal motor and have home insurance, yet...
And it's the same on all credit score websites.