Is my credit score any good

allpine5346

Hi i have just checked my credit score with experian and it is 869 is this any good and will i be able to get credit cards with decent limits on ?

allpine5346

any views ?

WelshRarebit

The score is meaningless. Its a made up number by Experian. Each leander will have their own system of deciding whether or not to extend you a line of credit and for how much. Experian do not lend money.

allpine5346

WelshRarebit wrote: »

The score is meaningless. Its a made up number by Experian. Each leander will have their own system of deciding whether or not to extend you a line of credit and for how much. Experian do not lend money.

which credit cards are likely to give me a card with a decent limit ?

DevCoder

It depends on a number of variables which you haven't given (the score is useless, a random number generator would be better).

Salary?
Existing Debt?
Any Defaults/CCJ's in last 6 years?

Would be a start.

bigadaj

That score is fantastic!!!!! not really.

If you give an indication of your salary, whether you're on the electoral roll, other debts, rent or own home, loans etc then someone can usefully respond.

WelshRarebit

krisdorey wrote: »

It depends on a number of variables which you haven't given (the score is useless, a random number generator would be better).

Salary?
Existing Debt?
Any Defaults/CCJ's in last 6 years?

Would be a start.

All of the above....and most importantly being on the electoral register. Not on the electoral register then forget getting any form of credit no matter how good your other criteria is.

allpine5346

krisdorey wrote: »

It depends on a number of variables which you haven't given (the score is useless, a random number generator would be better).

Salary?
Existing Debt?
Any Defaults/CCJ's in last 6 years?

Would be a start.

salary is £36.000
no defaults or ccj at all
only existing debt is hp finance whic i took out in december 2011 on a car im owing £17,500
no missed or late payments on anything , anything else you need to know ?

allpine5346

bigadaj wrote: »

That score is fantastic!!!!! not really.

If you give an indication of your salary, whether you're on the electoral roll, other debts, rent or own home, loans etc then someone can usefully respond.

been on electoral role all my life own home no mortgage
im 45
salary 36,000
hp on car finance £17,500 owing paying off £400 a month
no other loans got 2 other credit cards with £4000 limit in total balance is zero on both always pay in full every month

DevCoder

Debt to Income ratio is (to all intents and purposes) 50%

If you have two CC's with £4K credit then why are you looking for other credit lines?

With the Debt to Income ratio at 50% plus your other un-utilised credit, you'll struggle to get further mainstream provider CC's

allpine5346

krisdorey wrote: »

Debt to Income ratio is (to all intents and purposes) 50%

If you have two CC's with £4K credit then why are you looking for other credit lines?

With the Debt to Income ratio at 50% plus your other un-utilised credit, you'll struggle to get further mainstream provider CC's

i earn £3000 a month and my debt is £400 a month thats not 50 % and the 2 credit cards have a limit of £2000 each im wanting to book a holiday to mexico costing me £5k and im wanting to put it on a credit card