Credit Score

tubby210

how long will it take for my noddle credit score to improve . I haven't been behind on anything for over 12 months but did have a few Wonga loans but haven't had 1 for over 4 months and I wont need 1 again

gb12345

tubby210 wrote: »

how long will it take for my noddle credit score to improve . I haven't been behind on anything for over 12 months but did have a few Wonga loans but haven't had 1 for over 4 months and I wont need 1 again

Ignore your credit score - it is an irrelevant made up number that means nothing to anyone except the agency that generates it.

You should be concentrating on what is showing on your credit history and the affect it will have on your chances of getting credit.


You seem to have 2 prmoblems at the moment:

1. Payday loans on your history - these show poor financial management, so will be a red flag to a lender. You need to give it at least 6 - 12 months without having to resort to a PDL to show you have your finances under control.
2. Behind on payments - the impact of these will diminish overtime - were they missed payments or just late? And did you get a default?

tubby210

gb12345 wrote: »

Ignore your credit score - it is an irrelevant made up number that means nothing to anyone except the agency that generates it.

You should be concentrating on what is showing on your credit history and the affect it will have on your chances of getting credit.



You seem to have 2 prmoblems at the moment:

1. Payday loans on your history - these show poor financial management, so will be a red flag to a lender. You need to give it at least 6 - 12 months without having to resort to a PDL to show you have your finances under control.
2. Behind on payments - the impact of these will diminish overtime - were they missed payments or just late? And did you get a default?

I had late payments and missed payments but I haven't been in arrears on anything since March 2012 and that was only a late payment