Ikea finance, how strict?

Alycress87

Hi. Does anyone have an idea of how strict IKEA are in giving people finance? I checked my file on clear score and my credit score is 425, which I believe is good, 2 bad things on there though, I have used over 50% of my credit card limit, and my partner, who is a financial associate, does not have great credit. Overall though it did seem like a good report (no recent credit searches and no late payments etc) just wandering what they would take into account and has anyone else had any experience with them maybe having similar things on their report.
Thank you in advance.

DCFC79

Alycress87 wrote: »

Hi. Does anyone have an idea of how strict IKEA are in giving people finance? I checked my file on clear score and my credit score is 425, which I believe is good, 2 bad things on there though, I have used over 50% of my credit card limit, and my partner, who is a financial associate, does not have great credit. Overall though it did seem like a good report (no recent credit searches and no late payments etc) just wandering what they would take into account and has anyone else had any experience with them maybe having similar things on their report.
Thank you in advance.

Who says 425 is good ?

I dont, 700 is better.

Have you checked Noddle and MSE ?

Do Ikea use clearscore ?

No 1 on here will know how strict NHS is, the criteria is a closely guarded secret.

Maybe you should check martins link below, explains about credit scores and a link for the credit club.

https://www.moneysavingexpert.com/creditclub

Alycress87

They have a band on there that says between 420 and 465 is good, and above the national average. Yes of course 700 would be great in an ideal world but it's not unfortunately, it. I'm not expecting anyone to know their "closely guarded secrets", just asking if anyone had any experience in applying with them before so I could maybe get some sort of general idea is all.

DCFC79

Alycress87 wrote: »

They have a band on there that says between 420 and 465 is good, and above the national average. Yes of course 700 would be great in an ideal world but it's not unfortunately, it. I'm not expecting anyone to know their "closely guarded secrets", just asking if anyone had any experience in applying with them before so I could maybe get some sort of general idea is all.

Like I say, Ikea may not even use clearscore.

Only way you will find out is apply, be careful with making lots of applications.

The link I posted has a small video by Martin and he explains the mse credit club credit scores, give it a watch.

Alycress87

I know that, and like I said, was simply trying to see if anyone had any experience with them as I want to avoid doing exactly that, would rather get at least a rough idea before I apply.

worried_jim

Alycress87 wrote: »

I know that, and like I said, was simply trying to see if anyone had any experience with them as I want to avoid doing exactly that, would rather get at least a rough idea before I apply.

Nobody knows.

DCFC79

Alycress87 wrote: »

I know that, and like I said, was simply trying to see if anyone had any experience with them as I want to avoid doing exactly that, would rather get at least a rough idea before I apply.

Each persons circumstances will be different, me and joe bloggs could have the same score as you and your accepted and me and jim bob could be rejected straight away.

Depends how much your after, a 0% card or maybe 1 each might be an option.

[Deleted User]

No one sees the scores or ratings so ignore them.

It will depend on your affordability - salary, other debts, current credit utilisation etc.

System

Plenty of people with 999 Experian credit scores posting about not even being able to get a mobile phone contract. The score means nothing, nada, zip, zilch.

Alycress87

Christ, people are very mardy on here and don't seem to be understanding what I originally asked. Was simply asking if anyone had any experience with Ikea, that is all. I gave a rough estimation of my credit file to try and get a general idea if I would be accepted or or not.

[Deleted User]

But nobody knows.

You're quotng a fictional score.

A credit utilisation without quoting limits and balances.

And nobody knows their lending criteria or limitations.