credit file

andypandy85

hi all just a quick question about my credit file and think i need some help. i got my credit file last month and got a credit score of 758 (fair). int the past i have had a loan from santander £5000 last payment is the end of this month i have 1 other account settled with o2 internet finished in 2010 and my last account is a small credit account £500 outstanding i have never been late with a payment on any account but my credit score is classed as fair i went for a new lone last week for £5000 and got the big fat NO. all the infomation on my credit report is spot on but the credit score dose not seem fair to me at all

Tixy

The good news is that no potential lender will ever see your credit score that the credit reference agency sells to you.

All they see is the information on your credit report, if that is correct and has no negatives then perhaps the reason you were declined is not due to anything on your credit file.

Who did you apply for a new loan with?

Which credit reference agency file did you check? or have you checked all 3 agencies?
If you haven't checked all 3 - does the credit application search from your application last week appear in the searches section?

andypandy85

Tixy wrote: »

The good news is that no potential lender will ever see your credit score that the credit reference agency sells to you.

All they see is the information on your credit report, if that is correct and has no negatives then perhaps the reason you were declined is not due to anything on your credit file.

Who did you apply for a new loan with?

Which credit reference agency file did you check? or have you checked all 3 agencies?
If you haven't checked all 3 - does the credit application search from your application last week appear in the searches section?

thanks for the reply i have had a look at all 3 credit reference agency and all 3 are nearly spot on call credit is missing 1 of my accounts but the info is all the same tick tick tick since 2008 wonder if it comes down to affordability because i work 2 part time jobs and only take out £1200 pm the lone app was with nationwide because santander said no to a top up of the lone i have with them now and that was arround 6 months ago.

Tixy

Sounds like it could be affordability.
You may get a different answer once your santander loan is full paid off (and shown as such on your credit file). So it might be worth applying again in a couple of months.

Who do you bank with currently?

Your other credit account - is the a fixed repayment (loan/finance) or a revolving credit account such as a credit card or catalogue? if its the latter then if you can make sure you pay a little more than the minimum each month between now and when you reapply.

andypandy85

tixy wrote: »

sounds like it could be affordability.
You may get a different answer once your santander loan is full paid off (and shown as such on your credit file). So it might be worth applying again in a couple of months.

Who do you bank with currently?

Your other credit account - is the a fixed repayment (loan/finance) or a revolving credit account such as a credit card or catalogue? If its the latter then if you can make sure you pay a little more than the minimum each month between now and when you reapply.

fab thanks tixy