Harshest/most lenient credit scorers for loans?

jay_w_uk

Having applied for a loan at a couple of lenders and been refused, I wondered if there were any that seemed more relaxed when checking credit scores - at last check I had a 'good' rating so not sure why I would be rejected.

Are 'struggling' banks like HBOS more or less likely to lend?

tictax

There is no such thing as a global credit score. Each lender takes the information that you provide and the info at the credit reference agencies and assesses them using different criteria.

"Struggling" banks are less likely to lend - they are already losing money on investments and do not want to have bad debts that they need to write off so will only lend to lower risk customers.

Are you on the electoral roll? Do you have arrears/defaults/CCJs? How much are you looking to borrow? What is your income? What other regular payments to you make and how much? What is the purpose of the loan?

Lenders will take all of these into account when making the credit decision so there is no one answer to your question.