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credit checks
Raspberry_Swirl
Posts: 1,386 Forumite
i have about £3300 on a 10.9% credit card and want to switch it to a 0% balance transfer card. i have been rejected on 2 applications so far so applied for my expieran credit check.
as suspected, it's only the mortgage account that is showing any problems and this has been back on track for about 3 months now. the credit score during the rough period was at worst a 2.
can anyone tell me how long it will take before it's worth me applying for another card again?
thanks
as suspected, it's only the mortgage account that is showing any problems and this has been back on track for about 3 months now. the credit score during the rough period was at worst a 2.
can anyone tell me how long it will take before it's worth me applying for another card again?
thanks
0
Comments
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Does the credit check show a 'default' on the mortgage account? If so, this will stay on your file for 6 years, but often its importance will diminish with age. Some creditors will accept you with 'defaults' - it is entirely up to the creditor and they all have different criteria. Also, it is not always good to make too many applications in a short period, as this will also show up.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
it doesn't mention a default, just a few numbers 1 & 2 where they use the numbering scheme 0-3. obviously at their best these should be 0, and have been for the past 3 months.0
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Then I would suggest leaving it for another 3 months before applying again.
You can also check your credit file for free at https://www.annualcreditreport.co.uk
Cheers.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
thanks for the information (thanks button not working at the moment)!0
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What about your Equifax and Callcredit file
To repeat what others have said, requires education, to challenge it,requires brains!FEB GC/DIESEL £200/4 WEEKS0
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