Credit Rating Help!

moneysavingmaisie

Hi!

Hoping you can help ... long time lurker around the boards!

I am trying to sort out my credit rating before applying for a loan to put all my debts in lone place to pay them off. So, I've been checking my credit ratings. I've got a loan, a couple of current accounts, a store card and a credit card. Equifax and Experian show my ratings as fine/good (even though they don't have most of my accounts listed), but Call Credit have me as high risk. I thought this was because they didn't have me on the electoral roll, but I've sorted that now and it's still showing 1/5!

Everything is in order except one missed payment on my cc 6 months ago.

I can't see why there would be such a difference. Could this be a mistake?

Thanks for any advice!!

redpete

It's either:
- Call Credit have some different information on your record - can you see anything that differs between the different CRAs' info?
- Call Credit have the same info but use a different scoring scheme. This doesn't really matter because a lender will have their own scoring scheme which you won't know the details of.

moneysavingmaisie

Thanks redpete. There is different info ... the others don't seem to have most of my accounts! So it must be the scoring system I suppose.

So, might a lender just take the info from the agency and score it themselves? I'm wanting to go to my own bank so that should help showing I'm reliable I'm hoping ...

redpete

moneysavingmaisie wrote: »

So, might a lender just take the info from the agency and score it themselves? I'm wanting to go to my own bank so that should help showing I'm reliable I'm hoping ...

A lender never takes the score from a CRA - they take the raw information and apply their own criteria.

moneysavingmaisie

That's a bit of a revelation to me! Thanks so much!