Creidt scores - I don't understand!

bratz_2

Firstly apologies if this is not the correct board but I am currently looking for a mortgage and posted a few days ago about being refused by Halifax (our current lender) for a homemover mortgage.

Since being refused I have checked out my credit score with all three credit reference agencies and all vary so much I don't know who to believe

Experian say 772, Equifax 367, and Callcredit 1352. Halifax say they use Equifax.

Can anyone shed any light on how this works cos I really don't get it, according to Callcredit my rating is 5* but with Equifax only "fair"? Seeing IFA on Friday so hope to get mortgage thing sorted out.

Thanks :A

Angela

CLAPTON

you need to actually look at your credit records and see whats on them..ignore credit scores.

Shambler

I don't know about callcredit but with https://www.checkmyfile.com/default.asp you can pay a little extra and get a more detailed credit history which should show you where the problem is.

Either that or approach Equifax directly and get a detailed report from them, until you know exactly why they are giving you a low credit rating you can't begin to dispute it and get the decision turned around.

herbiesjp

Please note that sometimes the credit reference agencies will hold different information. That could be impacting on your credit score between the agencies

Experian_company_representative

And also bear in mind that the scores you can get from the agencies aren't definitive - they're only a guide. Lenders calculate their own scores, which often include info the CRAs don't have, such as job, salary etc. They may also have more detailed information about you if you've been a customer before.

I suggest you take CLAPTON's advice, find out which CRA Halifax used and check your credit report with this agency. You could also try asking the Halifax for a more detailed explanation of their decision to refuse your application.