We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The MSE Credit Club
Options
Kurenka
Posts: 18 Forumite
I hope this is the right place to post this question!
I just signed up to the Money Saving Export Credit Club (looks great by the way and will be super helpful & useful for me!). However I did notice something that seems to be somewhat of a catch 22.
It's always recommended that we shop around each year on utilities, car insurance etc. However I got just an "Ok" rating on my Account Stability score because the average length of my "financial relationships" last under a certain number of years and according to that I could be less attractive to lenders.
Now there is a caveat on there that it's only a minor point & I'm unlikely to be rejected just on that alone, but is there a happy medium that can be struck, or with loyalty by and large not being rewarded is there really no way to escape this?
I just signed up to the Money Saving Export Credit Club (looks great by the way and will be super helpful & useful for me!). However I did notice something that seems to be somewhat of a catch 22.
It's always recommended that we shop around each year on utilities, car insurance etc. However I got just an "Ok" rating on my Account Stability score because the average length of my "financial relationships" last under a certain number of years and according to that I could be less attractive to lenders.
Now there is a caveat on there that it's only a minor point & I'm unlikely to be rejected just on that alone, but is there a happy medium that can be struck, or with loyalty by and large not being rewarded is there really no way to escape this?
0
Comments
-
Ignore it.
The scores and ratings aren’t real and don’t reflect real world lending decisions0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards