Can your credit rating drop if your good with finances?

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.
 
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.
 
Malevolence said:
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.
Click to expand...

How long ago in the past? Your credit history only goes back 6 years.
 
Malevolence said:
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.
Click to expand...
No mortgage either?
 
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.
 
Its a broken system designed to keep you as a sheep.

The good example is closing down one account to get a better deal on another account, the new account might actually save you money yet its a negative.

Bahhhhhh bahhhhhhhhh

Viva la revolution
 
SPG said:
Its a broken system designed to keep you as a sheep.

The good example is closing down one account to get a better deal on another account, the new account might actually save you money yet its a negative.

Bahhhhhh bahhhhhhhhh

Viva la revolution
Click to expand...
Don't need revolution, just need to stay away from debt. ;)
 
Monkeynut said:
Don't need revolution, just need to stay away from debt. ;)
Click to expand...

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 :)
 
SPG said:
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 :)
Click to expand...
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 live :p)

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
 
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
 
Roar87 said:
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
Click to expand...

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.
 
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.
 
Psycho Sonny said:
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.
Click to expand...

Drive a fully legal motor and have home insurance, yet...

9VrPoJ2.png


And it's the same on all credit score websites.
 
You must log in or register to reply here.
Back
Top Bottom