We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Refused credit

Hi

I had a missed payment 4 years ago (totally accidentally due to a mix up) of only £89 with Sony card and did pay it in full once I found out but it went on my credit rating and I was refused further credit from anyone.

So I got a Capital One card and have religiously paid it off in full every month for 3.5 years and thought that I would now be able to have an improved score but was turned down after applying for another card.

Is this common and is there any way I can appeal to Experian?

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture First Post Name Dropper Photogenic
    You can only appeal to Experian if the info on your file is incorrect.

    Have you checked the other CRAs?
  • Mati
    Mati Posts: 65 Forumite
    First Post First Anniversary Combo Breaker Name Dropper
    The CC company uses Experian.
  • Mati wrote: »
    Is this common and is there any way I can appeal to Experian?

    Experian only provide information, they dont make a decision. The lender combined the CRA information with what else you tell them and what they get from other databases like Hunter and come to their own decision.
  • Mati
    Mati Posts: 65 Forumite
    First Post First Anniversary Combo Breaker Name Dropper
    I was so surprised that 3 years of good repaying habits ie I even pay before the due date, has made no difference at all to my credit rating.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 345.8K Banking & Borrowing
  • 251K Reduce Debt & Boost Income
  • 451K Spending & Discounts
  • 237.9K Work, Benefits & Business
  • 612.7K Mortgages, Homes & Bills
  • 174.3K Life & Family
  • 251K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.