Car Loan

opinions4u

I have a credit card (opened Jan 2012) with a fairly large balance

I have £3000 outstanding on my credit card

So in a six month period you have spent several thousand pounds more than you have earned.

Suggests to an automated scoring system that you may struggle with even more credit.

andykent

not at all, the credit card was used within my means but it is a reward card so made sense to carry a balance rather than paying cash on certain transactions. I do understand you're point & how it would transpire onto an automated system. I'll also have a look into reducing my CC limit as i wasn't aware this would have a negative impact!

opinions4u wrote: »

So in a six month period you have spent several thousand pounds more than you have earned.

Suggests to an automated scoring system that you may struggle with even more credit.

DevilPigeon

poppasmurf_bewdley wrote: »

You make the missed payment to Orange sound as though it was ages ago when in fact it was only last year. Remember everything stays on your credit report for six years.

And your so-called credit score of 454, although it means nothing to any lender, tells me that your credit report is actually rather poor. You've scored less than 50% as that 454 is out of 1000.

Equifax top score is 900

Apples2

DevilPigeon wrote: »

Equifax top score is 900

http://www.creditgeeks.co.uk/credit-score/what-is-a-good-credit-score

None of them are money lenders so the score doesn't mean a jot.
The score is simply an expensive guideline based on the limited information they hold.

daniel081

I think that you have missed something that very important that i am still figuring it out but just look another maybe you did not get their requirement standard.