Credit score not worth the paper its written on.

Andybez38

After checking my credit score, (with the credit ref agencies) and found to be POOR/AVERAGE. I was always reffered to lenders in my so called catogry. These being Capital One, Vanquis etc.

I have in the past year been sucessfull in getting an A+L premier direct account, Eggcard, Egg money card, M&S &more credit card 0% A+L personal loan 6.9% most recently a credit card from A+L 0%, Negotiating lower APRs on current credit cards.

The moral of this story :- Dont give a rats A$$ about the SCORE the credit reference agencies give you.

exel1966

The CRA's DO NOT say you won't get credit based on your record. That's for individual organisations to decide, so some will give you credit, some won't. That also applies to people with good/excellent credit histories. Obviously, the better the history, the more likely you'll receive a decent credit limit and by that I mean £7500+, but again that's by no means guaranteed as some cards are known to be very stingy with credit limits regardless of history.

You SHOULD give a rats A$$ because it can seriously screw up your life if you don't.

Now if you're talking about the three digit score which some CRA's charge you a fiver for, then YES that doesn't mean a thing as it's just a marketing gimmick.

Andybez38

exel1966 wrote: »

Now if you're talking about the three digit score which some CRA's charge you a fiver for, then YES that doesn't mean a thing as it's just a marketing gimmick.

Thats exactly what im talking about. With someone with so called poor/average risk based on "their score" 0% deals are not beyond reach. Obviously i have been carefull paying stuff on time etc. Im just trying to say if you feel your credit score is lower than you feel is right, dont let it stop you trying for a 0% card, better rate loan etc.

darcyvuqua

i think andy has made a very good point here thanks mate

clio

Aye so do i well done you

random_fat_bird

I was contemplating paying for the score, but on reading this think I'll just stick with the free trial:)

Thanks:)