Creation - Equifax credit score > 550 = Accept

jon142

Can someone humor me and tell me if they have a equifax credit score of 550 or above and get declined for a creation credit card.

For a Flybe or anything like the all saints card if your score is above 550 you should be automatically accepted because they use the equifax score system built into there decision making process.

350+ for a store card! ( m&co etc )

Creation call it the NAV score

Confirmed this with an underwriter today @ creation!

can someone prove me wrong or have we just found out creations internal lending criteria.

Maestro.

I don't feel like paying for the score and applying for the card to find out, but I will be following this thread..

BugsyBrowne

They have fed you a load of bullsh*t underwriting or not it's not even believable.

jon142

BugsyBrowne wrote: »

They have fed you a load of bullsh*t underwriting or not it's not even believable.

Why not? I love your reasoning

BugsyBrowne

jon142 wrote: »

Why not? I love your reasoning

I haven't a clue Jon but it does sound a bit dubious TBH especially as CRA's credit scoring is about as reliable as a basketball player with no arms.

jon142

BugsyBrowne wrote: »

I haven't a clue Jon but it does sound a bit dubious TBH especially as CRA's credit scoring is about as reliable as a basketball player with no arms.

Maybe if we can test my theory CRA data isn't as useless as everyone makes out?

BugsyBrowne

jon142 wrote: »

Maybe if we can test my theory CRA data isn't as useless as everyone makes out?

I wouldn't go anywhere near creation again with their amiga 500 online banking and to many northeners on the other end of the blower.

jo-bo

BugsyBrowne wrote: »

I wouldn't go anywhere near creation again with their amiga 500 online banking and to many northeners on the other end of the blower.

Oh starfire, sorry bugsy, I've missed you and your pointless observations

BugsyBrowne

jo-bo wrote: »

Oh starfire, sorry bugsy, I've missed you and your pointless observations

Well thank you.

rb10

Experian calculate two different scores - one which they will sell to you, and not to the banks, and the other that is for the banks, and not for you.

So even if 550 was their cutoff (I highly doubt it), you'd never know whether your score was above or below this level as it would refer to the score that is provided to banks.

Most likely is that 550 is the cutoff of their own internal scorecard. Your Experian score will only form one part of this scorecard.

Maestro.

Were talking about equifax not experian