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The MSE Credit Club
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
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Ignore it.
The scores and ratings aren’t real and don’t reflect real world lending decisions0
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