New Card Acceptance Issue

LesterB

I have just used MSE "soft" credit search to see the likelyhood of my acceptance for a new card to which I can transfer my other card balances.
The search criteria seems only to be name, age, homeowner status and income. I am a 49 yr old married homeowner with a higher than average income and yet The search came back with 0% chance of me being eligible for any of these cards.
Why might that be? Surely I am a good credit risk?
I happen to know I have a good Experian score (not hat this was used here) and I have a lot of equity in my property.

[Deleted User]

Are you carrying high balances?

grumbler

LesterB wrote: »

...
The search criteria seems only to be name, age, homeowner status and income.

These are the input parameters only. Extra information is obtained from CRA(s), e.g. the total credit available and used that can be a deciding factor if compared to your income.

YorkshireBoy

LesterB wrote: »

The search criteria seems only to be name, age, homeowner status and income.

...plus address and time at that address, both of which are verified by the ER data obtained from the CRA.

Could be that you failed on ID...perhaps you're not on the ER (or, more accurately, the CRA doesn't have you on it).

Could be that you've had too many addresses and/or there are some gaps in your ER status.

Could be a dodgy financial associate.

I am a 49 yr old married homeowner with a higher than average income

Higher than £25K then...how's that compare with your financial commitments, across mortgage, loans, other credit cards, overdraft usage.

How much available credit do you have (across all credit cards and overdraft facilities)?

Why might that be?

See above.

I happen to know I have a good Experian score (not hat this was used here)

...nor that it matters a jot since Experian don't lend money!

and I have a lot of equity in my property.

...but no-one else will know that since it's not recorded with the CRAs.

But in summary, my money's on either an ID issue (see above) or too much debt/available credit compared to your "above average" income.