Credit Card and Payday Loans

DCFC79

thomasfox wrote: »

I'm not disputing it - I know nothing about credit scores apart from the fact that I have to pay everything on time so I don't mess it up.

Just being curious as to why would I get £7.5k worth of credit if I had taken out nearly 20 QuickQuid loans in the past 2 years. I'm only getting into it now .

thomasfox wrote: »

I took out about £6k from QuickQuid this and last year until a friend of mine told me that payday loans mess up credit scores. I paid off all of them loans way before due dates.

Also, my credit score has been increasing each month for the past 32 months since I've signed up with Experian.

Maybe ask Experian to loan you money in future as they hold you in high regard.

The credit scores mean nothing, only you can see them, in any case the scores with the other 2 agencies will vary for example 1 uses a rating out of 5.

Lenders see the credit history.

thomasfox

YorkshireBoy wrote: »

Seems a bit of an odd bunch...2 sub-prime cards and a card that's supposed to be difficult to get due to very stringent credit checks. I'm guessing you bank with HSBC? If that's the case then that explains the £6K limit.

I'm with Lloyds Bank! However, I had a loan from HSBC for £3,200 back in 2006 that I have also paid off before time.