Credit file has a rating of 999 excellent!

highestb1d

I'm moving in with a new partner who is bankrupt.
My credit rating is top drawer with no negatives so I want to protect myself from any adverse information being attached to my file due to my girlfriends bankruptcy.

As we're both starting afresh in a relationship she signed up to creditexpert on a free trial to show me her financial position.
We were both shocked to see that her credit score could not be much better at 999 with an 'excellent' rating.

Does this mean I dont have to worry? I'm finding it hard to believe that someone who went bankrupt at the beginning of last year has a high credit score.

Can anyone advise on this situation, I thought an experian credit report would have a bankruptcy registered in bold red text at the top of the report and not an 'excellent' rating

Thanks for any feedback

samtoby

A score means nothing. My ex has an IVA his score is really high. He can't get any credit. Its just a number.

highestb1d

But how can your ex be refused if the credit file is all positive, thats what I dont understand.
Unless a credit file is not the full picture of someones finances???

Willing2Learn

Your are confusing the data within the credit report (which is used by lenders when determining an application for credit), with the indicative score created by the CRA (which is not used by lenders as they score you against their own criteria).

fermi

highestb1d wrote: »

But how can your ex be refused if the credit file is all positive, thats what I dont understand.

Their report is not all positive. It's got an IVA on it. A very very very very black mark in lender's eyes.

Experian's "credit score" is what they think a creditor might make of your report, and as you have seen it is a complete load of ball hooks.

REAL lenders will look at the factual info on your report. Defaults, IVAs, bankrupcy, payment history etc and make up their own mind on your credit worthiness. Experian's made up score means jack all.

fermi

highestb1d wrote: »

I'm moving in with a new partner who is bankrupt.
My credit rating is top drawer with no negatives so I want to protect myself from any adverse information being attached to my file due to my girlfriends bankruptcy.

As we're both starting afresh in a relationship she signed up to creditexpert on a free trial to show me her financial position.
We were both shocked to see that her credit score could not be much better at 999 with an 'excellent' rating.

Does this mean I dont have to worry? I'm finding it hard to believe that someone who went bankrupt at the beginning of last year has a high credit score.

Can anyone advise on this situation, I thought an experian credit report would have a bankruptcy registered in bold red text at the top of the report and not an 'excellent' rating

Thanks for any feedback

Ignore the score. It is meaningless.

If you don't want your girlfriend's bankruptcy to effect you, then you need to make sure that you hold no joint accounts, loans, finance etc that links you with an association. Keep your finances separate under separate names.

highestb1d

Willing2Learn wrote: »

Your are confusing the data within the credit report (which is used by lenders when determining an application for credit), with the indicative score created by the CRA (which is not used by lenders as they score you against their own criteria).

But the data is all positive, its as if her report was wiped clean at the beginning of last year with no reference to any financial irregularities

she never missed her phone contract payments since so her file looks spot on

very odd

john1002

Also make sure when she applied she gave the last 6 years of addresses, as otherwise the score will only be based on the address you do give in the application. So if she went bankrupt or IVA at an address she does not disclose then she will get a high score but when she is credit checked the company will look at all linked addresses and as such if there is any adverse this will show up.

but as has been said the scores mean nothing, but experian and the others are getting it right from a marketing point of view as most posts on here about people been declined always say they dont know why when there score is xyz.

john

highestb1d

john1002 wrote: »

Also make sure when she applied she gave the last 6 years of addresses, as otherwise the score will only be based on the address you do give in the application. So if she went bankrupt or IVA at an address she does not disclose then she will get a high score but when she is credit checked the company will look at all linked addresses and as such if there is any adverse this will show up.

but as has been said the scores mean nothing, but experian and the others are getting it right from a marketing point of view as most posts on here about people been declined always say they dont know why when there score is xyz.

john

Thanks John that solved the puzzle

she entered her other addresses and its slid from 'excellent' to 'very poor'

Thanks for everyones response...appreciated:beer:

fermi

The bankruptcy should show on the report.

If it does not then something went wrong with requesting the report. Experian will have a record of the BR, but something means it is not showing.

Make sure that she gave all previous addresses accurately when requesting the report, especially the one that was listed with the BR.

The report will have been generated on the fly based only on the info that you give when you request it, and any links made from that. When a potential creditor checks the info they provide may show up or make links that haven't shown up on this latest report. i.e. they will not see the same report that you just have.

Willing2Learn

highestb1d wrote: »

But the data is all positive, its as if her report was wiped clean at the beginning of last year with no reference to any financial irregularities

Are you looking at the Public Record Information section of the report? This is a separate part of the credit report from the section that holds the payment history of credit accounts. Any information regarding things like CCJs or personal solvency (bankrupty, DROs, IVAs are within the Public Record Information section of the credit report

Edit: Please ignore - problem solved in earlier post whilst typing.