Excellent credit score but cannot get a credit card

LindyLoo

Even though my credit rating is an excellent 999 according to Experian
I have been refused a credit card with the only explanation being my OH has a CCJ. does anyone know a way round this problem. It was suggested that i should disassociate myself financially from him until his problem is cleared. Has anyone out there had a similar problem and how or what did you do to overcome it.

Fruit_and_Nut_Case

LindyLoo wrote: »

Even though my credit rating is an excellent 999 according to Experian

You and half the posters here, it seems.

LindyLoo wrote: »

I have been refused a credit card with the only explanation being my OH has a CCJ.

Explanation by whom? You, Experian or the CC companies?

LindyLoo wrote: »

does anyone know a way round this problem. It was suggested that i should disassociate myself financially from him until his problem is cleared. Has anyone out there had a similar problem and how or what did you do to overcome it.

This should really be a sticky. Experian don't know your income so how can they estimate your creditworthiness?

matttye

Credit scores don't really mean anything. Take it with a pinch of salt.

Disassociating yourself from your partner sounds like it might help. What is your own credit history like, have you had a lot of credit and always ran it well, or do you have a limited history? If the latter, many lenders will want to know more about you before they lend.

[Deleted User]

Someone will be along shorty to tell you that the 999 score doesn't mean anything and that Experian don't issue credit etc etc....

As to your question, disassociating yourself financially should influence the problems with the CCJ - in order to do this you will have to close/withdraw yourself or him from any joint accounts. You will probably have to wait a month or so after this so that the change is reflected on your credit file before you are able to apply again with confidence. Also bear in mind that to do this you (or he) will have to make other applications to replace any joint accounts (current account etc) unless you already have other such accounts in your name only.

[Deleted User]

Ha! It happened while I was writing my post!

The_Boss

Yet another of these threads and the mods still happily sit back and do not make any sticky threads.

The 'credit scores' from Experian are not reliable in the slightest. Instead of complaining, consider that this just demonstrates ths point people continually make.

Gromitt

Every creditor calculates your credit risk in a different way (and also, to some extent, your profitability)

Refusal of a CC could mean a variety of things.

Your experian credit score means nothing. They are guessing a score based on the limited information they have. Credit risk also depends on stability, your job, salary, sometimes even if you put a land line or mobile number on the application form!

bigadaj

Well after martins love in with James jones last week the assumption must be kickbacks to this website as criticism of cras isn't allowed.

The_Boss

bigadaj wrote: »

Well after martins love in with James jones last week the assumption must be kickbacks to this website as criticism of cras isn't allowed.

Yep, the shambles of a love-in will only result in more of these but do you think MSE care when they profit from the partnership with Experian?

shireknight

Oh that's annoying, someone with a CCJ has a score of 999 and me with an absolutely spotless record only has an Equifax score of 496 -I was proud of my score until I read this thread lol

The_Boss

shireknight wrote: »

Oh that's annoying, someone with a CCJ has a score of 999 and me with an absolutely spotless record only has an Equifax score of 496 -I was proud of my score until I read this thread lol

Others with ccjs also had a good or excellent score. An unemployed mother on benefits also had an excellent score. Funny how this was not mentioned on the Martin Lewis Show.