Credit cards missing from credit score

ValHaller

cakie174 wrote: »

Thanks very much for this so can you point me/give me SME advice as to how I might improve the criteria that a mortgage provider will see?

If you want to improve your mortgage prospects, don't do anything so crass as try to improve your so-called 'credit score'.

Different lenders have different criteria for different types of credit. So something which makes you a good prospect for sofa credit may actually harm your mortgage prospects. We don't know how Experian do their scoring,but it is a fair guess that their scoring is more like sofa credit scoring. Experian might do us all a favour by telling us their credit scoring method and another favour by having more types of credit score - sofa score, car score, mortgage score.

But I still wouldn't pay money for it. The things to do for good mortgage prospects include

• staying out of your overdraft -at least most months if you must use it and coming out of it every month if you must go into it
• no CCJs defaults or late payments (CCJ's are OK if you clear them within the month
• Paying off your credit card in full or at least paying more than minimums
• Not maxing your cards
• Being on the electoral roll
• Not having bad info on your record which is on there by mistake.

cakie174

Thanks, can I ask if I make an application for a mortgage and get refused does this leave a negative mark on my record?

When do you risk applying again?