Clearscore

[Deleted User]

Lenders will decide based on your credit history.

You could use an eligibility checker if you!!!8217;re thinking of applying for a credit card

BBOA

So you think it!!!8217;s worth ignoring how clear score rates my credit and go direct to the card issuer?

[Deleted User]

Yes. 10000000%

The same with Equifax and Experian.

Lender use their own criteria based on your credit history as well as income, current debt etc.

binaryuniverse

BBOA wrote: »

So you think it!!!8217;s worth ignoring how clear score rates my credit and go direct to the card issuer?

You apply directly through the card issuer anyway. Creditscore do not determine whether you get a credit card or not. They get data from Equifax, same as a card issuer will. This data includes most (sometimes not all, depending on who provides data to Equifax) of your credit account history, for the last 6 years; type of account, payment history, credit limits, defaults, payment arrangements, etc etc. It this data a lender will use when they make their decision, not the score, which they don't even see.

PixelPound

BBOA wrote: »

So you think it!!!8217;s worth ignoring how clear score rates my credit and go direct to the card issuer?

You should check your credit history, not the score, to see if there is anything there that would stop you getting the credit you want

PixelPound

Deleted_User wrote: »

No. Because there is a good chance that the person with the 900 score is bankrupt, or 18 years old or has simply never used credit.

Lenders don't rate those groups as highly as Experian et al.

Credit scores generally reward inactivity.

Yet we still get a lot of posters saying "I have 999 on experian but refused credit" etc because too many people concentrate on the score and where it like a badge (in fact I'm surprised they don't offer that service, surely a missed opportunity, pin badge with score on) :rotfl:

binaryuniverse

On that note, I feel this article from the Beeb is worth a read. It's about health apps, rather than a credit score, but the message is pretty much the same: there is too much focus on numbers generated by these things, rather than looking at the things that actually matter.

Are health apps actually bad for your health?

Even well-intentioned apps and trackers have unintended consequences. 'People can become overly focused on numbers, which may exacerbate unhealthy behaviours, like food restriction or compulsively exercising,'

BBOA

Great interesting stuff.

BBOA

So am I correct in thinking these closed accounts on my file with a zero balance do not impact my credit file?

Consumerist

BBOA wrote: »

So am I correct in thinking these closed accounts on my file with a zero balance do not impact my credit file?

According to MSE info on credit scoring, the impact of closing a current account is minimal and short-lived.

Personally, I'm not sure why there should be any impact due to an account closure providing it is a "settled" account. It could just be an uncertainty during the period it takes the bank to mark the account as settled on your credit file but that's just my opinion.