Somebody give me a quick credit score

YorkshireBoy

For stoozing, what kind of credit limit should I expect to be offered?

Age 44
Married, 3 kids (20/17/13)
Household gross income ~£44K (mine ~£30K) + CB/CTC etc
This employer 2 years, last employer 26 years (both as Engineering Manager)
Current house 11 years, last one 12 years
Same bank 25+ years
Mastercard gold (with above bank) £7.6K limit - approx £800 spend/month and paid in full every month
Mortgage (currently £44K but will be paid off in less than 2 years - with endowments and savings)
£3,750 left on 0% car purchase finance (18 months to go)
All utilities, TV, council tax etc on DD's
No other debt
Equifax file spotlessly clean when last checked in 2001 (and should be still!)

Can anyone suggest a credit limit I'm likely to be offered, perhaps based on their own dealings/circumstances with providers?

YB

Suzz_2

Phew... I'd say it'd hard to be any better in terms of credit..

If you have a card with £7K, I'm sure companies will better that straight away. You may be offerred £8k or maybe more an increased in a few months.

It does depend on cards though - MBNA give very generous limits - they gave me £15K straight off, when my highest existing limit was ~£9K. I believe Lloyds (Accucard) also give quite high limits.

smartsaver

No one can do this. It depends on the card you apply for and which side of the bed their underwiters got out of. If you are new to the stoozing game I'd go for an EGG card.

Agree with Suzz though you are in a strong position.

roaming_rhino

You could try going onto https://www.equifax.co.uk and printing off your credit file and your credit score for about £10-£12 I believe

that way you will see what many of the credit card companies see

deemy2004

Since no CCJ's or missed payments, I'd guess at a credit score of say 820-840.

Which should enable you to quickly stooze upto 100% of your salary

YorkshireBoy

roaming_rhino wrote:

You could try going onto https://www.equifax.co.uk and printing off your credit file and your credit score for about £10-£12 I believe

that way you will see what many of the credit card companies see

I'd thought about that but, having dug out my last report, I'm not sure I could interpret the file - especially not knowing the criteria used by the CC provider.

As far as I can see, the only "blemish" in my list above is the 2 years in current job (and maybe always paying off existing card at end of month)

YB

JasonW_2

YorkshireBoy wrote:

especially not knowing the criteria used by the CC provider.

YB

This is why nobody here can give you a 'score' apart from top, middle, or bottom I think you already know its gonna be decent. If you get the online report, and pay the extra for the agencies score, they will rate you without leaving any marks on your file. You can also see all the info they hold in an easier format, FAR easier than the £2 job they send out. The score they give you is not worthless as such, but it only shows you where they think you stand with all your accounts, but they dont take anything like income into account. You can correct anything online a lot easier.. basically they help cos they make more money getting people to use it online, so Im sure you could understand it easier.

deemy2004

JasonW wrote:

You can correct anything online a lot easier.. basically they help cos they make more money getting people to use it online, so Im sure you could understand it easier.

Go carefully with the corrections as some card companies automatically reject applications where the credit history has been corrected / amended.

mrtickle

What?! Where did you hear that, I've never heard that before? Mistakes - normally made by companies, not yourself - spoil your score, count against you and can take months to get corrected. You should not be penalised for trying to repair the damage someone else has done to your credit file.

Galstonian

No, you shouldn't but unfortunately card issuers have the right to reject anyone. If they choose to reject anyone who requires manual underwriting they can do so. I do not condone this practice but I am almost certain some lenders use this criteria.

mrtickle

I think I may have got wires crossed here? If I correct errors on my credit file, why would any future application trigger manual underwriting? I don't mean just add a Notice of Dispute or Correction and then do nothing, I mean going through the whole process (which may involve Disputes which are later removed), so that you are left with a nice clean tidy credit file. Once that is done, surely there is no trace left that the file has been corrected. Therefore nothing would be there to trigger any manual underwriting.