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Equifax Credit Score - Confused
NatterJack_Toad
Posts: 25 Forumite
Hi,
I have a score of 408 which is labelled "OK".
I've never been refused from mortgages or credit, so I am not too worried, but I am confused.
I have a grey box which says "Credit Agreements 11". If it was bad it would be red, good and it would be green. Is this number meant to be high or low to get a green box?
Similarly, I have a 2nd grey box "Current value of borrowing excluding mortgages". Is this number meant to be high or low to get a green box?
Then I have a red box "Repayment Conduct assessment". How do I get this up to grey or green... What does it even mean?
Seems quite hard to get a "Good" or "Excellent" score since it's been years since any squabbles over payments with companies and at the end of the slight delay all accounts were settled. Everything else is green. Never missed Credit payments or Mortgage.. and I am only "OK".
Anyway, anyone got some ideas on the questions above?
I have a score of 408 which is labelled "OK".
I've never been refused from mortgages or credit, so I am not too worried, but I am confused.
I have a grey box which says "Credit Agreements 11". If it was bad it would be red, good and it would be green. Is this number meant to be high or low to get a green box?
Similarly, I have a 2nd grey box "Current value of borrowing excluding mortgages". Is this number meant to be high or low to get a green box?
Then I have a red box "Repayment Conduct assessment". How do I get this up to grey or green... What does it even mean?
Seems quite hard to get a "Good" or "Excellent" score since it's been years since any squabbles over payments with companies and at the end of the slight delay all accounts were settled. Everything else is green. Never missed Credit payments or Mortgage.. and I am only "OK".
Anyway, anyone got some ideas on the questions above?
0
Comments
-
Scores are made up, equifax don't lend money to you so who cares what they score you?
Things to check -
Are all credit details correct?
Are there any defaults or late payment markets?
Do you have a lot of available (if not used) credit?
Do you use (and pay back in full each month) a credit card?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
If I'd paid for that assessment, or was a customer enjoying a 30-day free trial prior to paying for it, I'd be expecting Equifax to provide some answers/guidance.NatterJack_Toad wrote: »...anyone got some ideas on the questions above?
Perhaps you should ask them? After all, they're the experts.0
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