Are Expedia and Experian so different from each other?

dacdesigns

Tried Sainsburys before had the same

Never mind, not the end of the world really.

The amount was going to be used to clear my overdraft and loan from my bank and some other bits and bobs like my car finance.

will leave it till April time now.

MrsTinks

I would suggest you don't try anyone else for 3 months!!! Instead of taking out more credit to pay off credit have you looked at snowballing your debts? Far more sensible

Oh and your score has nothing to do with if you'll get approved for a loan - let alone a reasonably large loan like £12k.

Basically what a lender looks at is: How much debt do you have now? How have you managed that? How much AVAILABLE debt do you have (ie do you have unused money on cards etc so a card with a £5k limit but you only owe £2k - would mean on that card you had £3k available debt. A lender would wonder why you want MORE debt IYSWIM)? and what your income is vs your borrowing.
I'm guessing they felt you were too high a risk when their main factors were combined...

johnnyderby

I am a little confused,do lenders see your full report off Experian,or do they just take your factors in to mind,i always thought lenders saw your experian report

duggie1982

They know how much credit and debt with each credit card company and also know how much you pay each month. Thats why we all should put the correct details of amounts like this on our aplication

dacdesigns

MrsTine wrote: »

I would suggest you don't try anyone else for 3 months!!!

I am with you on this one :beer:

I have found out that natwest have for some reason got a loan pending search on there system from 2 months ago when I had a overdraft limit rise. They are looking into it as I have not applied for a loan with them They reckon this is why I have been knocked back.

CHR15

johnnyderby wrote: »

I am a little confused,do lenders see your full report off Experian,or do they just take your factors in to mind,i always thought lenders saw your experian report

It isn't that simple, each lender has it's own criteria. It's impossible to gauge your chances of success by looking yourself as you will only ever get half the picture.

MrsTine explained the variables enough to make your own judgement.

You need to consider your salary against existing debts, available credit, credit history, Credit score (experian/Equifax etc) etc. Add on to that little lot, the lending criteria each lender has which you will never see.



.