Credit Score

raundstaylor

Is a score of 488 good?

stebiz

Awful mate.

CKhalvashi

The score itself is meaningless; it's the information that is important.

The CRA's seem concerned about the amount of 'available credit' I have, and that the utilisation of that is low when looking for any products. My score was about 300 last time I looked.

The CRA's, however, cannot see what I earn, what savings/investments I have, or what security I have for products that may require this.

CK

National_Debtline

CKhalvashi wrote: »

The score itself is meaningless; it's the information that is important.

The CRA's seem concerned about the amount of 'available credit' I have, and that the utilisation of that is low when looking for any products. My score was about 300 last time I looked.

This is really useful information. Lenders generally use various rules when deciding on whether or not to lend. Existing borrowing, whether or not you are working, whether or not you a homeowner - that sort of thing.

We have a useful fact sheet on credit referencing, you can find it here: http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=05_credit_reference_agencies

Best wishes,

David @ NDL.

Fruit_and_Nut_Case

National_Debtline_representative wrote: »

We have a useful fact sheet on credit referencing, you can find it here: http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=05_credit_reference_agencies

Very nice. Must remember that link. :T

Gordon_Hose

I'll give you a score of 1001, please furnish me with £14.99 a month until you die.