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small amount causes massive credit rating effect
Comments
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Lots of replies from people much more perfect than myself, but you seem to be missing the point. I incurred markers for £67 and it demolished my rating. Is that fair?0
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I'm afraid I have experienced different to your beliefs. they may not see the number but they definitely see the rating.TadleyBaggie wrote: »Not untrue, no one but yourself can see the number generated by Experian. Sure they use the data held by Experian but the Experian credit rating is not part of it.0 -
poorcreditscore wrote: »Lots of replies from people much more perfect than myself, but you seem to be missing the point. I incurred markers for £67 and it demolished my rating. Is that fair?
Nope nobody is perfect and everyone forgets things so that's why I make sure I have a plan in place to manage my finances so I don't forget anything!.
The fact that it is such a small amount makes it worse I'm my opinion because it shows that you did pay it simply due to poor financial management and not because you couldn't pay it. That makes you a much higher risk to lenders.0 -
poorcreditscore wrote: »I'm afraid I have experienced different to your beliefs. they may not see the number but they definitely see the rating.
That make's no sense at all!. What is this "rating" that you believe lenders can see?.
Lenders can only see the data held on your credit reports and not any "Rating" or "Number". The lenders then use this information to generate their own credit rating to determine whether or not to accept the application.
We all know this because it even says so on the credit rating websites:
http://www.experian.co.uk/consumer/questions/askjames309.html0 -
On what basis did the provider of your mortgage stop debiting mortgage account interest to the mortgage account and start debiting it to the current account instead? This is very odd. Interest is normally debited to the account to which it applies.
Are you really saying that your mortgage interest for a 7 month period was only £67?0
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