credit score/loan

lurko

Hi guys,

well i have just received my credit report and my score is FAIR with 820. I need to borrow 5K. i have changed my bank last year therefore they do not give me loan as yet. i have been with HSBC and paying my loan that i have taken out in 2009. i have only 3 year left. on my report it says next my HSBC bank that Satisfactory - Settled. including my credit card with them. on my report does not say anything like "default" or CCJ ...all is Satisfactory and settled.
I have used my credit card with my new bank last year and making the payment on time. i have missed couple of payment for my phone bill but i was only max 5 days.
i tried to apply for loan with TESCO and SAINSBURY's but they refused to give me. Any idea why? and where could i try to get 5k out? I can manage to pay it and need for only 5years.

Any advise welcome Thank you!

DCFC79

Ok so whats your income ?
You on the Electoral roll ?
Any other debts apart form the 1 your paying, any CCJ's ?

Someone else more knowledgeable will be along to add more questions.

lurko

25k/annum. no i have no CCJ, paying loan/credit card and overdarft to HSB together it cost me £130. my rent is 390 incl bills, my phone is now about 50/month. previously was higher thats why i was late with payment. new credit card 50/month. that's all i have. .... i have moved out from the addres where im living now 2 years ago, i lived here 5 years, last year i moved back. while i was here i was on electoral roll. on my credit record it shows this address but is shows im not. on report does not say, "default. but satisfactory and settled....

geoffky

overdraft=overspending

late payments will stop you and default will be with you for 6 years

MusicalLawyer

Also, you said you aren't on the Electoral Roll - you'll struggle to get any credit without being on the electoral roll.

lurko

as i said, i had late payments, but it says on my credit settled and it says also satisfactory....
im adding myself on electoral roll. but i was registered under this address where i live now.

DCFC79

lurko wrote: »

im adding myself on electoral roll. but i was registered under this address where i live now.

Your either on the ER or not, if your registered at your current address according to the ER then your on the electoral register.

DevCoder

How much outstanding on your HSBC credit card?
you also mention "new credit card", is this the same as the HSBC or a different one, if so how much outstanding on that?

lurko

yes, i understand this. when i checked my credit report is says not, and the date shown is saying ended 2010. but now im back on the address where i lived in 2010. so i guess i have to add myself again.

DevCoder

Apologies, and how much is the HSBC loan for and what amount/period left to pay?

DCFC79

lurko wrote: »

yes, i understand this. when i checked my credit report is says not, and the date shown is saying ended 2010. but now im back on the address where i lived in 2010. so i guess i have to add myself again.

Yes i understand now