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Credit Scores & Mortgages

I've just got my credit score from Experian - it comes in at a rather depressing Fair.

How much will this affect my chances of getting a mortgage (give the way things are changing)?

& how can I get it higher?
"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.

Comments

  • jonewer
    jonewer Posts: 1,485 Forumite
    Guy_Montag wrote: »
    I've just got my credit score from Experian - it comes in at a rather depressing Fair.

    How much will this affect my chances of getting a mortgage (give the way things are changing)?

    & how can I get it higher?

    What was the (completely arbitary) score they gave you? 960/1000? I just ask because just about everyone I know scores that....
    Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    870 actually

    Just been reading the stuff here - I suppose I should get on the electoral role & stop moving every 18 months.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • jonewer
    jonewer Posts: 1,485 Forumite
    Electoral role is definately a big help - you need to make yourself visible on the non-restricted version (I know it sucks - you can either have a good credit score or privacy, not both). Do you have a landline? Thats also a help.
    Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    Yeah, but that wasn't listed, nor was broadband. Hmmm...
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    YOu should have no problems - some of my clients with scores of 400 have got high street deals, so I can't see why you would be any different with that score
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Aw, mine is 999, I thought I was special :p
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