Zopa rating

Jim28

Hi all

I just got a Zopa credit rating of 338! That is pretty bad right?

I have not had any problems in the past getting creditm but I have moved recently (last 6 months) and have a high level of debt on credit cards and overdraft about 8K. I only earn £16 338 per year before tax.

Is my main problem the debt level?

Cheers in advance!

Paul_Herring

The only definitive answer will be to get a statutory report from Experian since that's what they base the scores on (well technically they ask Experian for the score). See http://blog.zopa.com/archives/2005/10/18/an-intro-to-zopa-and-credit-scoring/

You want the £2 report, though you may be able to get a free one using the top link on the table at http://www.stoozing.com/chtable.htm

Examine it initially to check that your electoral address matches where you live now, see if you have any open lines of credit that you've forgotten about, and to see if there are any payment history problems listed on it.

richgirl

free online credit score calculator at http://www.moneyforums.co.uk/credit_score_calculator.php

Play around with the option to figure out what to do or say to up your score

The_Boss

richgirl wrote:

free online credit score calculator at http://www.moneyforums.co.uk/credit_score_calculator.php

Play around with the option to figure out what to do or say to up your score

As said before, that is total pants as it doesnt take into account salary and total available and used credit.

Jim28

Paul_Herring wrote:

The only definitive answer will be to get a statutory report from Experian since that's what they base the scores on (well technically they ask Experian for the score). See http://blog.zopa.com/archives/2005/10/18/an-intro-to-zopa-and-credit-scoring/

You want the £2 report, though you may be able to get a free one using the top link on the table at http://www.stoozing.com/chtable.htm

Examine it initially to check that your electoral address matches where you live now, see if you have any open lines of credit that you've forgotten about, and to see if there are any payment history problems listed on it.

I got the free credit report from Experian and I have no payment probs. I am on the electoral register. I did find one credit card that I thought was settled but I phoned to find out they did not close it because of a f&*king 2p plus balance! So this is settled now so hopefully this will improve my rating!

Any comments anyone?