Experian Credit Score 760

DannyDude_2

Hi.

I checked my credit score today and it's now at 760, is this a decent credit score and would creditors lend to me. Im just wondering as i'm looking to get a loan but don't want to apply incase i'm rejected and it leaves a footprint on my report.

Thanks

Esoog

Let me be the first to tell you that a) you've been ripped off b) that score means nothing

DannyDude_2

Would you like to go into to more detail?

BugsyBrowne

DannyDude wrote: »

Would you like to go into to more detail?

Yeah you've wasted £6 on a score from a company that don't lend money.
You will never know your credit score..

opinions4u

The company giving you the number don't lend money. It means nothing.

Pay your bills on time. Operate your bank account well. Save up.

DannyDude_2

So you're saying that the credit score you're given from Experian doesn't make any difference to weather or not a company would lend to you? How do they make their decision to lend to someone then?

The_Matelot

By means of checking details such as; electoral register ( are you registered?), length of time at address, time with employer, your salary, other financial commitments you may have and how many searches have been recorded on your file. If you have any late payments, missed payments or defaults. Basically they are all things you cankeep track of and time right for best chance of acceptance. You will never be told your score, and no one will ever know how it is generated. Experian score means nought as they are jot a lender, they are affectively admin staff who input data. You get what im saying mate? Hope that helps

drbesty

I'd say it's quite worrying that you didn't get 999, everyone else seems to

fishty

DannyDude wrote: »

So you're saying that the credit score you're given from Experian doesn't make any difference to weather or not a company would lend to you? How do they make their decision to lend to someone then?

The score you have been given by Experian is governed only by the information that you can see on your file i.e. searches, payments (up to date, late, missed etc) if your on electoral roll, how many accounts you have, what percentage of credit available / used credit etc.

What it does not take into account is your employement status, salary and other personal information that your file does not show. Therefore the score you have is not a true representation of the full picture.

Hope this helps :beer:

fishty

drbesty wrote: »

I'd say it's quite worrying that you didn't get 999, everyone else seems to

I agree - obviously something on your file is not as it should be

BugsyBrowne

fishty wrote: »

I agree - obviously something on your file is not as it should be

Yeah totally agree a 999 credit score from Experian is pretty predictable.