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The moment your credit is "restored"

Hi guys,

Im just wondering, when your building a realy good rating - whats the point when you can finally look at, say your experien report and say "My rating is pretty good".

Basically it would be great to have a yard stick to measure myself against.

Also, is the experian "Check my score" feature any good - didnt want to buy it until you guys say yey or ney! lol (-:

Thanks Guys.

Comments

  • tom188
    tom188 Posts: 2,330 Forumite
    Check my score is a complete waste of money.

    It is a cynical revenue generator trading on peoples insecurity.

    Each banks will lend based on its own criteria and so the score Experian will provide is no more than an extremely rough estimate that you could probably work out yourself.
  • thesaint
    thesaint Posts: 4,324 Forumite
    Part of the Furniture Combo Breaker
    Also, is the experian "Check my score" feature any good - didnt want to buy it until you guys say yey or ney! lol (-:

    NEY!

    Personally, the only yardstick I would use is No defaults, CCJ's etc.

    Aim high
    Well life is harsh, hug me don't reject me.
  • Zebedee69
    Zebedee69 Posts: 1,034 Forumite
    tom188 wrote:
    Check my score is a complete waste of money.

    It is a cynical revenue generator trading on peoples insecurity.

    Each banks will lend based on its own criteria and so the score Experian will provide is no more than an extremely rough estimate that you could probably work out yourself.

    Had a feeling as such, so leaving that asside what would the yard stick be in general terms. ie:

    How many searches in past year?

    How many agreements and the amounts?

    Length held of agreements?

    Length at current address?
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