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    • InsideInsurance
    • By InsideInsurance 18th Jan 13, 10:16 AM
    • 22,232 Posts
    • 11,387 Thanks
    InsideInsurance
    • #2
    • 18th Jan 13, 10:16 AM
    • #2
    • 18th Jan 13, 10:16 AM
    It means you dont have any closed accounts (eg a loan that was paid off or a credit card that has been closed) that arent from a mail order company
  • synchro
    • #3
    • 18th Jan 13, 10:20 AM
    • #3
    • 18th Jan 13, 10:20 AM
    Such a strange 'negative factor' then. I don't particularly want a loan or another credit card.

    By 'mail order company', does that mean not i.e. buying something off Amazon on my credit card and paying it off? It would have to be some kind of non-shopping purchase made on credit?

    I'm just trying to think how I can resolve this without purchasing something I don't need.
    • Typhoon2000
    • By Typhoon2000 18th Jan 13, 10:27 AM
    • 676 Posts
    • 256 Thanks
    Typhoon2000
    • #4
    • 18th Jan 13, 10:27 AM
    • #4
    • 18th Jan 13, 10:27 AM
    No, they mean something like a Next account where you buy on credit from their catalogue/online.
    • droiderm
    • By droiderm 18th Jan 13, 10:34 AM
    • 703 Posts
    • 277 Thanks
    droiderm
    • #5
    • 18th Jan 13, 10:34 AM
    • #5
    • 18th Jan 13, 10:34 AM
    Why do you care what Experian think?
  • _Andy_
    • #6
    • 18th Jan 13, 11:23 AM
    • #6
    • 18th Jan 13, 11:23 AM
    The 'score' is totally meaningless.
  • blitzboy
    • #7
    • 18th Jan 13, 11:33 AM
    • #7
    • 18th Jan 13, 11:33 AM
    Such a strange 'negative factor' then. I don't particularly want a loan or another credit card.
    Originally posted by synchro

    Not really. If you have shown in the past that you have borrowed money and paid it all back on time then this is a positive factor. So the fact that you can't show that is negative as it makes you more of a risk in their eyes.

    Easiest way to get around it? Get a cashback or rewards credit card, pay for usual shopping/fuel etc on it, pay it off in full every month ensuring you dont go over the limit/miss payment/etc. Shows you can manage credit and gets you some free cash/rewards on things you'd be buying anyway!

    I'm currently getting 3% on all of my food/petrol/etc on Aqua's cashback card, as is my partner, so we will be getting a free 200 (100 limit) in July without spending a penny we wouldnt have spent anyway
    • InsideInsurance
    • By InsideInsurance 18th Jan 13, 11:49 AM
    • 22,232 Posts
    • 11,387 Thanks
    InsideInsurance
    • #8
    • 18th Jan 13, 11:49 AM
    • #8
    • 18th Jan 13, 11:49 AM
    Such a strange 'negative factor' then. I don't particularly want a loan or another credit card
    Originally posted by synchro
    Whilst any non-mail order company counts it really makes most sense when considering loans as it shows you can stick to an agreement and see it through to the end.
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