Your credit score

[Lysander]

Well, not yours but... OK probably yours actually. Last year mine was 'poor' but since I cleared my debts it's gone up to 'fair'.

My score is 759/1000. Anyone know what these numbers actually mean or refer to? How long till my rating will go up to 'good'?

 

[Lysander]

What he said, saying that I've never had a problem applying for any kind of finance or defaulted on any paytment and I'm a homeowner so I would imagine I'm sorted

As far as I'm aware, you have to pay. I paid £5.99 for the privelege but I'm glad I know. Since Experian handle a lot of the credit in this country I went to their website.

If you've never defaulted on a payment your credit rating should be pretty much perfect.

 

[Lysander]

You have to subscribe to Experian which costs another £5.99. So the whole thing costs about £12. However, you can cancel your subscription within 30 days.

If you want to take the plunge, go for it, I'd recommend it. Not only do you get your credit score but a load of information about exactly what this country has on its records about you. You'll probably be shocked at the amount of info there is sitting round about you which every company looks at when they decide whether to open an account in your name or not.

 

[Lysander]

Ironic isnt it

I read that Maestro doesn't always check funds before processing a transaction, so it's possible to be very overdrawn on it. If that's true it's not surprising that Experian doesn't take Maestro.

I'd love it if someone could explain the difference between Mastercard and Maestro since Wikipedia wasn't much help.