Have just renewed my experian account - what it says about me, is this good or bad???

littlepinkstars44

Heres what it says:

A summary of the calculations based on your credit report on Tuesday, November 11, 2008


You have £191 of available credit (excluding mortgages)

You have £3,442 of outstanding debt (excluding mortgages and defaults)

You are using 91% of your available credit

You have 9 credit accounts (including settled accounts)

You have 1 accounts overdue

You have missed 13 repayments in the last year

Your credit report has been viewed 4 times in the last 3 months and 11 times in total over the last year

You have 0 public information records

You have 0 aliases and/or financial associations

You have been at your current address for 11 years 2 months

You are on the electoral roll at your current address

You have 0 notice of correction on your credit report

Then on my account information it says i have an account with Barclays..Urm i only just discovered this! I think my Gran opened an account for me with The Woolwich when i was born..didn't Barclays take them over, could this be what this is?

savingholmes

I am by no means an expert on this - but my interpretation would be:

Missing 13 payments is not positive and being almost maxed out at 91% is not seen as positive either so not a great report I wouldn't have thought.

Having an account seen as overdue is not good and 11 credit views in a year may be concerning depending on who viewed them for what purpose.

The good news is that is doesn't appear to be showing defaults or CCJs so although there is room for improvement it could be worse.

littlepinkstars44

savingholmes wrote: »

I am by no means an expert on this - but my interpretation would be:

Missing 13 payments is not positive and being almost maxed out at 91% is not seen as positive either so not a great report I wouldn't have thought.

Having an account seen as overdue is not good and 11 credit views in a year may be concerning depending on who viewed them for what purpose.

The good news is that is doesn't appear to be showing defaults or CCJs so although there is room for improvement it could be worse.

Whats a default and a CCJ?
Urm, how would i improve it then?

poorandindenial

You need to make sure that you meet all of your miimum repayments in full for a sustained period of time and some of the balances should start to come down in relation to the available debt which will make you look like a safer lending risk.

littlepinkstars44

poorandindenial wrote: »

You need to make sure that you meet all of your miimum repayments in full for a sustained period of time and some of the balances should start to come down in relation to the available debt which will make you look like a safer lending risk.

Oh right, thanks!

bathgatebuyer

Funnily enough, I've just done the same exercise myself this morning!!!

I have £1,748 of available credit (excluding mortgages)
I'm using 67% of my available credit (excluding mortgages)
£3,605 of outstanding debt (excluding mortgages)

10 missed payments in the past year (although having checked, this is actually about 5). There are no CCJs or defaults and I've been at my present address exactly 7 years now. So, mine looks none to bad at the moment compared to a few years back.

I've emailed them today to insert a notice of correction about my Halifax credit card which I've closed but which has not been updated. Once this is marked as settled, it will make my score look much better for when I remortgage in the new year (it will change the figures above though)

littlepinkstars44

bathgatebuyer wrote: »

Funnily enough, I've just done the same exercise myself this morning!!!

I have £1,748 of available credit (excluding mortgages)
I'm using 67% of my available credit (excluding mortgages)
£3,605 of outstanding debt (excluding mortgages)

10 missed payments in the past year (although having checked, this is actually about 5). There are no CCJs or defaults and I've been at my present address exactly 7 years now. So, mine looks none to bad at the moment compared to a few years back.

I've emailed them today to insert a notice of correction about my Halifax credit card which I've closed but which has not been updated. Once this is marked as settled, it will make my score look much better for when I remortgage in the new year (it will change the figures above though)

Yours isnt as bad as mine though!