999 credit score but keep getting rejected!

sharpy2010

£5.99 for a random number plucked out of the air. I'd love to be able to charge people £5.99 to give them a random number between 1 and 999.

Its theft, plain and simple.

izools

sharpy2010 wrote: »

£5.99 for a random number plucked out of the air. I'd love to be able to charge people £5.99 to give them a random number between 1 and 999.

Its theft, plain and simple.

I've just applied for a Halifax Ultimate Reward current account now that their merge with LTSBs systems seems to have settled down. Have asked for a £300 OD on the application, too, as this is the amount you can have interest / charge free.

(Ultimate Reward for the breakdown cover and mobile phone cover - is actually reasonably good value)

We'll see what they say... Who thinks their response will be reflective of the 914 "Score" Experian gave me?

chanz4

halifax are quite lax I notice, unlike natwest who I cant get anything with and never owed them. I got told it was because years ago for bills we had a basic account and a current normal as my own. rbs give me everything however as do halifax

Paul_Herring

sharpy2010 wrote: »

£5.99 for a random number plucked out of the air. I'd love to be able to charge people £5.99

per month

to give them a random number between 1 and 999.

Ah, but that's not what Experian do. They tend to pick a random number between 999 and, erm, 999. And charge #5.99 for it. Per month.

Its theft, plain and simple.

I won't disagree there.

Paul_Herring

Experian_company_representative wrote: »

We make it very clear what the Experian Credit Score is.

No you don't. You give the rather distinct impression that it's how companies that actually supply credit would score someone.

The opening line on the credit score landing page reads: "Your Experian Credit Score can help you to understand how lenders view your credit report."

'help to understand'? Only if the lenders only looked at what you'd been doing for the past 6 years and didn't bother looking at, say, your current circumstances. Immaterial stuff like 'do you have a job' or 'do you have other income' that your score fails to take into account. (For other readers - it's entirely plausable to get 999 without a job. Less plausable is getting a decent credit card limit under that circumstance.)

The score ranks your chances of defaulting on future credit based on your credit history data and sound analysis of past credit reports and future behaviour. Of course, other factors can be and are factored into lending decisions.

Now then - why don't you try including those other factors into your credit score?

If you get a 999 Experian Credit Score you are basically in the top 10% in terms of the health of your credit history

Emphasis mine. Not that you seem to put much emphasis on this, but lenders are not only interested in the past 6 years, but what's happening now.

But it is only part of the equation as I and many others say on here time and time again - and we clearly say it on our website too.

James Jones

Perhaps, Mr Jones, you'd like to postulate why, if you say it so clearly, there are lots of people who've paid to get 999 and get refused credit and can't understand why?

And I'd like a citation for the 999 being top 10%.

izools

izools wrote: »

I've just applied for a Halifax Ultimate Reward current account now that their merge with LTSBs systems seems to have settled down. Have asked for a £300 OD on the application, too, as this is the amount you can have interest / charge free.

(Ultimate Reward for the breakdown cover and mobile phone cover - is actually reasonably good value)

We'll see what they say... Who thinks their response will be reflective of the 914 "Score" Experian gave me?

Well, there's a turn up for the books.

Would you Adam and Eve it, Halifax have approved me for an Ultimate Reward current account and approved the £300 overdraft limit I requested during the application.

That's a turn up for the books if ever I knew one.

Proof enough that having defaults and / or public record information in the last six years doesn't mean you can't get a decent account if you do everything right in the mean time.

Egg:Face.

Humble:Pie.

I'll get my coat...

EDIT: Second credit search in six months I thought I wonder if HSBC will give me a credit card.

I mean, my last statement shows

Start Balance £400
Total In £4100
Total Out £2900
End Balance £1600

In line with every statement I've had from them, great turnover, great average balance, they themselve say I have an exemplary internal score. Total owed is under 20% of my salary (one loan) , have £0 balances on my credit cards only one of which shows as still open with a paltry £750 limit (Cap One).

Not referred, not "We'll think about it", just "NO! Be off with you, you hack!"

So, lesson learned? Lloyds Banking Group are sympathetic to discharged bankrupts. HSBC really aren't (any more).

Guess I'm making the right move to Halifax then :beer:

Paul_Herring

izools wrote: »

Egg:Face.

Humble:Pie.

I'll get my coat...

Not so fast.

1) As we (or, at least, some of us) know, firms that actually provide credit (i.e. not experian) look at more than the stuff that those that don't actually provide credit but purport to give scores as if they did (i.e. experian.)

2) Do you have any (financial) history with Halifax (or one of their tenticles) that they could use to score you better?

Being cynical (sorry, and this is highly unlikely)...

3) You were part of a quota

izools

Paul_Herring wrote: »

2) Do you have any (financial) history with Halifax (or one of their tenticles) that they could use to score you better?

Good point, I did hold a LTSB current account for a couple of years, closed about 15 months ago, however. It was run very well though, so much so they saw fit to provide me with a mental £3,000 OD facility shortly before I moved to HSBC... So that might count for something.

izools

LMAO... Question:

How many credit searches does it take for Halifax to open a current account?

No. It's actually eight, apparently.

Four with Experian and four with Call Credit. Oh deary me... well, ID has been fired off by the branch and account details provided, and a letter is on it's way to their data controller aobut their searches. Crazy lot.

Paul_Herring

izools wrote: »

LMAO... Question:

How many credit searches does it take for Halifax to open a current account?

No. It's actually eight, apparently.

Four with Experian and four with Call Credit. Oh deary me... well, ID has been fired off by the branch and account details provided, and a letter is on it's way to their data controller aobut their searches. Crazy lot.

Where's that from? (Both the question and answer.)

I'm assuming you'd just opened the account with Halifax - they wouldn't be on your reports so soon Shirley?