Credit score

sunderland1

Hi All and Happy Easter!

I have a DMP which I am paying off next week.
My credit score is 994, will I be able to apply for a credit card or phone contract?


Thanks in advance

[Deleted User]

Probably if you want to.

Although your score means nothing as lenders do not see, care or use it in lending decisions.

Use an eligibility checker to see what cards you might qualify for.

A4445

I’d ignore that score!

You many have difficulties getting credit after paying it off. You must have arranged to pay over your credit file.

As suggested try an eligibility checker. I’m surprised you want to jump back into credit after this.

Willing2Learn

Hi Sunderland1, and a happy Easter to you too!

1. Have you got any defaults, Arrangement to Pay markers, or any other negative indicators in any of your three credit reports?
2. As the others say, you can ignore your credit score as lenders neither nor see it

Terry_Towelling

And just in case it helps, there is at least one other user of this forum on a DMP who has been applying for, getting and using credit products during the course of their DMP - which is currently only 50 - 75% paid off.

Nasqueron

If anyone was still tempted to argue credit scores have meaning, this thread of all the others must be the killer - in a DMP (so logically has a history of borrowing money and not being able to pay it back for whatever reason - not passing judgement OP, just stating a fact) and scored 994 / 999 - just a fraction under a "perfect" score - what a farce!


OP, get a basic credit builder card like Vanquish or Capital One or Aqua (see what the eligibility check suggests) and use it properly - buy normal monthly stuff like food and pay off in full by direct debit every month and your credit history (what lenders actually use, not the fictional score), will improve over time and you will eventually get into the mainstream credit lending

sunderland1

Hi and thanks for the response
Have nothing indicated on the report other than the score.
I have aplied for a Vanquis card and await their response.

Thanks