Declined Halifax Credit Card ...

AndyBSG

slhqoue wrote: »

I was surprised by this as my Experian Credit Score is 970.

Which is completely irrelevant and meaningless because your Halifax credit score or for that matter your Barclays, HSBC, Nationwide credit score, is unlikely to be anything like the credit score Experian have decided you have.

For instance I could decide my mate Bob is very credit worthy and give him an 'AndyBSG Credit Score' of 1,000,000.... That doesn't mean the Halifax are going to agree with me in the same way it doesn't mean they'll agree with Experian's score for him!

For example any single one of the following may be enough for Halifax to decline you outright if they wish.

- Not on the electoral register

- Any Payday loans in the last 6 years

- Any failed credit checks

- A high number of credit check searches if you have made other credit searches

- Any late payments

Or they could accept you regardless of all of those and decline you for something completely different, the only one's who know will be Halifax themselves.

dotdash79

slhqoue wrote: »

Yes. I was on it at my previous address, but I've registered for my new address. However, apparently this won't appear until February 2014 when the list is updated ...

I think we have found most likely reason.

Just_a_Girl_2

Credit score really does mean nothing. According to Experian, I am only around 700, due to an old default from 2010. However, I've banked with Halifax for the past 10 years and I was given one of their credit cards with interest free for 15 months.

I think the recent address change and not being on the electoral register is the reason for the rejection.

opinions4u

So Experian give scores of 970 to people who have recently changed address and aren't registered to vote.

Draw your own conclusion folks.

slhqoue

I thought this forum was meant to provide helpful advice rather than start mocking people?

I am registered to vote, at my old address, and on moving immediately updated the electoral role to tell them about my change of address. I have been living at the current address for around 10 months.

I am no expert on these matters - hence asking questions - so I did not realise how dimly the Experian credit score is rated.

opinions4u

slhqoue wrote: »

I thought this forum was meant to provide helpful advice rather than start mocking people?

I'm not mocking you.

I find it hard to accept that supposedly reputable companies can sell random number generators for up to £15 a month and claim they are a valuable service.

I am registered to vote, at my old address

I spent a few years underwriting personal loans and mortgages. One of the key questions to answer was "does the applicant live where he says he lives?" - in your case you say you live at one address, the voters roll says you live at another address.

, and on moving immediately updated the electoral role to tell them about my change of address. I have been living at the current address for around 10 months.

Which is fine. It's not your fault that you're not registered to vote there. But your registered address for voting is different to where you say you live. This is an additional risk to any potential lender.

I am no expert on these matters - hence asking questions - so I did not realise how dimly the Experian credit score is rated.

Again, I'm not mocking you. We've established a key possible reason for the decline though. If you do send details through in an appeal to Halifax, send proof of residency. A mortgage completion letter or tenancy agreement.

slhqoue

Ok, thanks for your help. I will send proof of address.

I also didn't pay the £15 to Experian, but have used their one month free trial service and plan to cancel well before the trail elapses.

UncleSimit

slhqoue wrote: »

I've printed off a full copy of my Experian Credit Report and am planning to send it to Halifax's Personal Lending Decisions office in Brighton.

Does anyone have experience with this and think it'll do the trick in changing their minds?

Definitely do it.

I did the same two months ago and had the decision overturned.

I had been applying for the Clarity card every few months over a year, only to be declined every time applied. Having changed my surname just over a year ago I assumed that this was the main reason as I had previous owned the card and knew my credit history was otherwise fine. So on my last application after being declined again I printed off a full copy of my report, sent it to Halifax Personal Lending Decisions and within less than ten days I received a response pre-approving me a Clarity Card but I had to go into Branch with the letter to get it.

dddougal

The best thing you can do is to forget about it and apply for a card elsewhere. Like someone said above, they don't have to give out credit even if your credit rating is excellent.

RichL74

slhqoue wrote: »

I also didn't pay the £15 to Experian, but have used their one month free trial service and plan to cancel well before the trail elapses.

Just make sure you do. They'll try and talk you out of it giving you loads of pointless reasons why to pay them £15 a month so be prepared for that.