Improving Credit Score - Aqua Advance vs Capital One Classic

AimeeB88

I have recently checked my credit scores and according to Equifax and Call Credit it is poor but with Experian it is excellent.

I had a credit card when I was young (and stupid) and I defaulted in 2009 and settled in 2011, and haven't had any credit since which is obviously affecting my credit file.

Me and my husband are starting to look into getting a mortgage but I need to improve my score, whichever rad would be best?

CherlokHomes

You don't need to improve your score on Equifax or Experian as it's a worthless number that the lender don't see as each lender has their own unique scoring system when accessing someone's credit worthiness.

It's basically a profit making gimmick for the gullible.

Unfortuantly with a default on your file whether it's settled or not will cause you problems until it falls off your file but lesser as time goes by.

You need to show the mortgage company that good with paying back what borrow like getting a good credit history with a credit card etc.

AimeeB88

CherlokHomes wrote: »

You don't need to improve your score on Equifax or Experian as it's a worthless number that the lender don't see as each lender has their own unique scoring system when accessing someone's credit worthiness.

It's basically a profit making gimmick for the gullible.

Unfortuantly with a default on your file whether it's settled or not will cause you problems until it falls off your file but lesser as time goes by.

You need to show the mortgage company that good with paying back what borrow like getting a good credit history with a credit card etc.

Thanks for the reply.

Thats the thing I don't have any credit at the minute (besides mobile phone contract) so this will affect me getting credit/mortgage. My defaults fall off early next year so that could go in my favour.

CherlokHomes

AimeeB88 wrote: »

Thanks for the reply.

Thats the thing I don't have any credit at the minute (besides mobile phone contract) so this will affect me getting credit/mortgage. My defaults fall off early next year so that could go in my favour.

Well first you'll need to build up a credit history and just buy your diesel each week and pay in full each month which will look very good for when your default falls off.

It's all about getting the best mortgage rates and it's defiantly worth waiting that etc year to build up a better credit profile for yourself.