credit rating varying...

hg1234

I have checked experian, equifax and clear score (i know the last 2 are the same company) and they are both giving very different representations of my credit score. So my question is which one is more reliable??

experian - 836
equifax/clearscore - 312

I am looking at going for a mortgage and want to know my chances. Equifax is also showing my partners as very low, just below 200 (although he did have 1 default - not his fault and hopefully being corrected)

TIA

ashp_2

Not all lenders report to the same CRA. You need to check which accounts you have under which CRA. I would also register with Noddle to check you Callcredit report. All 3 of these can vary depending which lenders you have account with.

The score they give you is irrelevant it's the information within that is important.

hg1234

Will it affect my score if i check on all three or is it safe to do?

ashp_2

It will not have any impact on your score, you can check your own report as many times as you wish.

Candyapple

Scores mean nothing, just marketing gimmick. It's your credit history that matters - if you have any late payments, defaults, CCJs, overdrafts, debt levels that will factor whether you are likely to get a mortgage or not, along with your % of deposit.

Print off copies of your Experian/Equifax reports and take it to the broker's when you apply, they should be able to help you match with a lender.

hg1234

I would have a total of 55k deposit for a house valued at 163,500 - do able with these credit scores if the default is corrected (all paid off with notice/removal)?

[Deleted User]

It's do able with any score, as long as it's not a prime number or divisible by 3.

But your mortgage application will depend on your credit file and other circumstances.

Candyapple

h_gunter wrote: »

I would have a total of 55k deposit for a house valued at 163,500 - do able with these credit scores if the default is corrected (all paid off with notice/removal)?

Scores are irrelevant so stop asking about them!

If your partner has a default then you really should go to an independent broker as they can advise on who will be likely to accept your application. You are however in a good position with almost 35% deposit saved.

If the default is paid, it doesn't get removed - it will remain on the credit file for 6 years from the date it was first applied. Having a notice on your credit file about it won't make a difference.

DCFC79

h_gunter wrote: »

Will it affect my score if i check on all three or is it safe to do?

The credit reports are yours to check as often or not as often as you like, it won't have a negative impact.