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Santander vs. Experian
First time poster here, so apologies if this is in the wrong section.
My wife an I have both signed up to Experian, and both receive perfect ratings of 999.
I earn in the mid 40k's and my wife mid to late 20k's.
We both bank with Santander.
I have recently applied for a credit card with Santander and was told that a credit card was given as standard to those holding my account type. I requested a credit limit of 2k.
Computer, unfortunately, said NO.
My wife recently applied for an 8k loan with Santander to purchase a new car. We had a 25% deposit.
Once again computer said NO.
Is this a case of Santander not wanting to lend money, or are credit agencies a waste of time?
If it's the later we'll cancel our £15 monthly subscriptions.
Cheers.
My wife an I have both signed up to Experian, and both receive perfect ratings of 999.
I earn in the mid 40k's and my wife mid to late 20k's.
We both bank with Santander.
I have recently applied for a credit card with Santander and was told that a credit card was given as standard to those holding my account type. I requested a credit limit of 2k.
Computer, unfortunately, said NO.
My wife recently applied for an 8k loan with Santander to purchase a new car. We had a 25% deposit.
Once again computer said NO.
Is this a case of Santander not wanting to lend money, or are credit agencies a waste of time?
If it's the later we'll cancel our £15 monthly subscriptions.
Cheers.
0
Comments
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its the later Im afraid, try zopa for a loanDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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My wife an I have both signed up to Experian, and both receive perfect ratings of 999.
No credit cards are given as "standard", you're misunderstanding the banks information.0
This discussion has been closed.
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