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Perfect credit rating but refused credit?!

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I recently checked my credit rating and it shows, as I knew, that I have not missed one credit card payment, or been late, over the last 12 years, having had 10 different credit cards during this period.

WIth this inmind, I recently applied for a 0% Barclaycard and got refused. I aslo applied for the M&S one, and got the same response.

I moved in June 2011 for 3 months, during which time I was not registered on the electoral role, and then moved in September 2011, and did register. Will this have affected my credit score? Also, is it because my score is too good? Does that really happen?:)

Comments

  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    maver1nk wrote: »
    I recently checked my credit rating and it shows, as I knew, that I have not missed one credit card payment, or been late, over the last 12 years, having had 10 different credit cards during this period.

    WIth this inmind, I recently applied for a 0% Barclaycard and got refused. I aslo applied for the M&S one, and got the same response.

    I moved in June 2011 for 3 months, during which time I was not registered on the electoral role, and then moved in September 2011, and did register. Will this have affected my credit score? Also, is it because my score is too good? Does that really happen?:)

    You don't know what your credit score is as its only visible to lenders, unless you've been stitched by experian and payed for one of their nonsense scores.
  • cats2012
    cats2012 Posts: 1,182 Forumite
    Ditto the above post - no score you have seen will mean anything.

    If you mean your file looks good, do you still have a lot of the cards open? I.e how much current available limit do you have?

    As for electoral role, there is a good chance this will have at least some affect as I've been told multiple times it's crucial when it comes to credit rating.
    Officially Mrs B as of March 2013
    TTC since Apr 2015, baby B born March 2017
  • Really? Your score is too good? So those PRIME 0% cards are aimed at those with bad scores (which btw mean sod all and are plucked out of thin air).

    You answered your own question - you've moved a fair bit recently, half of which you weren't registered on the ER.

    This shows instability, which is why you were declined, not because you have too good a made up number.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    what do you earn
    what are your debts
    do the credit files show that you are on the electoral roll
  • JohalaReewi
    JohalaReewi Posts: 2,614 Forumite
    maver1nk wrote: »
    Will this have affected my credit score? Also, is it because my score is too good?
    You don't have a single credit score, you have lots of credit scores all over the place. Each time you apply for credit, the lender will calculate a brand new credit score just for that application. This wil be based not only on your credit history (from the likes of Experian), but other data you provide, data from other agencies (like National Hunter), and the lender's own internal weightings. Also, you will not be told what your credit score was. Just if you passed or failed.
  • Donki
    Donki Posts: 36 Forumite
    CLAPTON wrote: »
    what do you earn
    what are your debts
    do the credit files show that you are on the electoral roll

    We need to know these, if you are up to your eyes in debt and dont earn what lenders see as enough to repay it you wont get more credit.
  • maver1nk
    maver1nk Posts: 18 Forumite
    Really? Your score is too good? So those PRIME 0% cards are aimed at those with bad scores (which btw mean sod all and are plucked out of thin air).

    You answered your own question - you've moved a fair bit recently, half of which you weren't registered on the ER.

    This shows instability, which is why you were declined, not because you have too good a made up number.
    So, I assume the best way for me to re- build my credit rating is to get a "bad ratings" credit card? Also, I have two other credit cards already, with about 5k of available credit. I do though not have a penny in debt on any card, loan or anything and am completely solvent. So, I assume it's because i didn't register on the ER at my previous address... it's still odd though as my wife successfully applie for a credit card recently and it was a "normal" one, as opposed to a prime or bad credit rating card...:cool:
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    So, I assume the best way for me to re- build my credit rating is to get a "bad ratings" credit card?

    Why do you think you need yet another card?

    The issue is probably moving and also not being on the Electoral role. Getting another card will not help with that.#
    it's still odd though as my wife successfully applie for a credit card recently

    Was it a different card?
    It could be just that another company has different criteria.
    If not you need to look at what is different between your two circumstances and credit reports. Not everything is on your credit report e.g. employment status, age, income.
  • david39
    david39 Posts: 1,968 Forumite
    If you have no debts to anyone but already have credit cards, why do you need to apply for another one with a 0% facility?
  • camuk81
    camuk81 Posts: 1,559 Forumite
    Ninth Anniversary Combo Breaker
    Are all the cards still open and what is your debt vs salary
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