Jump to content


Never been in debt, WHY do I have a 'Very poor' credit score?


nickjonesuk
 Share

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 5157 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi,

 

I have difficulty getting credit, couldn't even get a contract from Orange, but Virgin Mobile took me on! Anyway...

 

Having checked on Experian, I have a score of 540! Which is Very Poor.

 

I have NEVER had a credit card, I have an overdraft of £600 which has been paid for the last 2 months. I have NO loans. I AM on the electoral roll. I am 20 years old this month. I DO have a generous income and I DO have every intention of paying my bills.

 

The only credit accounts I have now are SKY and VIRGIN MOBILE. 6 months ago I missed 2 payments with Virgin Media (Telewest) but both were paid by debit card the day after I noticed the Direct Debit had bounced.

 

I have applied for several small loans and credit cards over the last 12 months. It is really getting on my wick because I need finance of £3500 to buy a used car as I am starting work as a private hire taxi driver.

 

My friend is 21, 4 credit cards, £1000 overdraft, missed LOADS of payments in the past (12 months ago) and he has the same score as me.

 

Please help me, I feel like I am getting no where. Is anybody else in the same boat as me?

 

Thanks,

Nick J

Link to post
Share on other sites

Try asking your current bank for a credit card.....if you have a Debit Card / Cheque Guarantee card the next step for the bank to add value to their service is usually for them to give you a credit card....

PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and from what I have learnt from this forum and my own experiences.

 

DEBT COLLECTION LETTER/SAR/AGREEMENT TEMPLATES ARE HERE - http://www.consumeractiongroup.co.uk/forum/content.php?65-legislation

 

IF WE HAVE BEEN HELPFUL -PLEASE, PLEASE, PLEASE GIVE A DONATION TO HELP US TO CONTINUE HELPING YOU

 

I AM HAPPY TO RECEIVE PM's AND I WILL RESPOND IF I FEEL I CAN ASSIST BUT WHEN YOU DO CAN YOU PLEASE PROVIDE A LINK TO YOUR THREAD ON WHICH YOU WOULD LIKE ME TO COMMENT - THANK YOU

 

IMPORTANT - If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.

Before you decide,consider the users here who have already offered help and support.

Private message facilities are offered for users to communicate issues that are/or could be seen to be inappropriate for posting on the main forum.Site rules explain this in more detail.

If you are approached by private message with a view to asking you to visit another website,please inform the site team via the report icon.

 

Forum rules - http://www.consumeractiongroup.co.uk/forum/forum-rules-please-read/9-forum-rules-please-read.html

Link to post
Share on other sites

I have applied for several small loans and credit cards over the last 12 months.

And if you have been declined for them this hurts your credit rating. You need to allow at least a few months between each.

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

BEWARE OF CLAIMS MANAGEMENT COMPANIES OFFERING TO WRITE OFF YOUR DEBTS.

 

 

Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

Link to post
Share on other sites

this credit score thing is ridiculous, my boyfriend has never been in debt in his life, never had a loan and never had a credit card, however he has a house and has never missed a mortgage payment - but guess wot he has been refused a credit card !

 

people that dont have loans, credit cards etc , often get refused cos the lenders cant see how they have been running credit agreements and they have a low credit score as they havent had a lot of credit.

 

shouldnt it be the other way round? it seems the more in debt you are to credit cards and loans the more credit you can get ????

 

i would try and take out a small loan of 500.00 and start to build a credit rating for yourself. DO NOT ring round to try and get a loan, this will damage your credit rating even more.

 

as for your overdraft even though you have ran it well, bank overdrafts often dont show on your credit file.

 

you need to build it up slowly i am afraid and then you will be able to get credit.

Link to post
Share on other sites

Much as I hate to, it might be worth trying to get some easy credit items just to build up a bit of a credit history. Crapital One have a "guaranteed" mastercard which they will give almost anyone although you may have to pay a deposit or alternatively the catalog companies (littlewoods, etc) offer credit to almost anyone with a pulse (including an old neighbour of mine's pet cat) which you could use just to build up some good payment history. What you need is regular monthlty payments to an account not a one-off borrow money and repay it all. Good luck

Link to post
Share on other sites

You think 540 is bad? Ive got a rating of about 330. Ive had one loan of £1000 which was paid in full over 1 year and 1 credit card which has no missed payments. Im also on the electoral roll.

 

The only thing this score can be down to is the fact that I made a few loan and credit card applications in the months running up to xmas last year - and I was turned down for them all. Its ridiculous.

Abbey - *SETTLED IN FULL!* ;)

-£445 refunded after one phonecall

HERE

 

Lloyds - Reclaiming Charges ***WON!***

-09/05/07 - Prelim delivered

-22/05/07 - LBA sent - no response

-11/07/07 - Filed at court

- 26/07/07 - Full settlement offer!!!! Donation made ;)

HERE

 

Next - Trying to Sue us with no agreement! :lol:

-29/06/07 - Defence filed

-16/08/07 - AQ filed

-19/09/07 - Claim struck out!! :p

HERE and continued HERE

 

PLEASE CLICK MY SCALES IF I'VE HELPED!

Link to post
Share on other sites

Well good to see its not just me, thought I had done something wrong! I have made quite a number of applications in the last 12 months which is probobly what is down to, the number of 'footprints' on my account.

 

As I said I did have Virgin Media for a year, had Vodafone for 18 months, never missed one payment with them! and that was £40/month. I did try and get a £800 loan before xmas actually, and I got turned down. Will just have to wait and see. Not fair in my opinion, like you said, will just have to wait :(

Link to post
Share on other sites

i am probably -540 lol

http://www.consumeractiongroup.co.uk/forum/welcome-consumer-forums/107001-how-do-i-dummies.html

 

 

 

 

Advice & opinions given by patrickq1 are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional

Link to post
Share on other sites

So does this credit scoring mean the higher the figure the better ?

D'OH - I always thought it was the other way around, the lower the better...:p

Recently got told my scoring was 800 something & I got turned down for changing gas / electricity suppliers (new supplier did a credit check and didn't want me although I wanted to pay by monthly DD), then I tried another supplier and they took me no problem. Different thresholds I suppose

Link to post
Share on other sites

 Share

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...