Mate wants mortgage, got credit card, contract phone??

ben1985

Evening,

I posted on here a few weeks ago about my current lodger wanting to buy my flat. At the time he applied through his bank (Lloyds TSB) and was accepted for a credit card with a £1.9k limit! I was surprised at the amount especially as two years ago at my own bank (HSBC) my first limit was £500.

He's going to use it a few times every month and clear it at the end of the month which I said will help his credit score.

I looked at a site called Checkfile where it offers a credit score 'assessment' based on certain variables and after checking, a credit card got the score about 670 and credit card+ contract phone about 754. Does this mean my mate will have a higher credit score with both or is the site not accurate enough to believe?

Cheers

BW

ben1985

Any financial advice anybody can give, most grateful for anything:j

Regards

BW

Wutang_2

ben1985 wrote: »

Evening,

I posted on here a few weeks ago about my current lodger wanting to buy my flat. At the time he applied through his bank (Lloyds TSB) and was accepted for a credit card with a £1.9k limit! I was surprised at the amount especially as two years ago at my own bank (HSBC) my first limit was £500.

He's going to use it a few times every month and clear it at the end of the month which I said will help his credit score.

I looked at a site called Checkfile where it offers a credit score 'assessment' based on certain variables and after checking, a credit card got the score about 670 and credit card+ contract phone about 754. Does this mean my mate will have a higher credit score with both or is the site not accurate enough to believe?

Cheers

BW

Score means nothing, don't miss payments and eat lots of fruit