Any advice on applying to a Post Office loan with a low credit score

Pixie5740

Whomas wrote: »

All 3 files?

Sorry I'm not sure what that means!

There is more than one credit reference agency so you have more than one credit file. ClearScore only allows you to access your Equifax file. MSE Credit Club gives you access to your Experian file and Noddle gives you access to your Call Credit file. Lenders often report to and reference you using more than one agency.

Whomas

Pixie5740 wrote: »

There is more than one credit reference agency so you have more than one credit file. ClearScore only allows you to access your Equifax file. MSE Credit Club gives you access to your Experian file and Noddle gives you access to your Call Credit file. Lenders often report to and reference you using more than one agency.

and MallyGirl I honestly never knew that, I just assumed your credit file was in one location that these companies all accessed, that's super good to know, thanks guys!

Whomas

Pixie5740 wrote: »

There is more than one credit reference agency so you have more than one credit file. ClearScore only allows you to access your Equifax file. MSE Credit Club gives you access to your Experian file and Noddle gives you access to your Call Credit file. Lenders often report to and reference you using more than one agency.

So I checked all 3 files

I have no red marks on any of my reports, nothing what so ever no late payment nothing, I'm on the electoral vote all my previous address are accurate

Yet my "score" on all these websites varies from fair to poor, the only thing I can think of is a high long term credit? it's close to £11k consisting of car finance, a credit card, a loan and an overdraft, I'm guessing this is what's doing the damage?

DCFC79

Whomas wrote: »

So I checked all 3 files

I have no red marks on any of my reports, nothing what so ever no late payment nothing, I'm on the electoral vote all my previous address are accurate

Yet my "score" on all these websites varies from fair to poor, the only thing I can think of is a high long term credit? it's close to £11k consisting of car finance, a credit card, a loan and an overdraft, I'm guessing this is what's doing the damage?

How much is the OD ?


It could be the issue, Id clear it asap.

Whomas

DCFC79 wrote: »

How much is the OD ?


It could be the issue, Id clear it asap.

2000, I'm always in and out of it and I never max it or anywhere near but I never lower the limit just in case, never knew that it could be such a big issue, you guys are a great help honestly

[Deleted User]

Definitely get out of the OD and stay out. It's a big flashing sign that says 'I don't have enough money to get through the month'.

You're right to keep the limit as it is though. Just don't use it.

Whomas

Deleted_User wrote: »

Definitely get out of the OD and stay out. It's a big flashing sign that says 'I don't have enough money to get through the month'.

You're right to keep the limit as it is though. Just don't use it.

Will do! thanks again all

DCFC79

Dont email Braucalsy, hes a spammer.

OP maybe you should post a soa here
https://forums.moneysavingexpert.com/forumdisplay.php?f=76

Soa is a statement of affairs eg your income and your outgoings eg what you pay for gas, elec, water etc.