external score decline. what does this mean?

[Deleted User]

Possibly, but that's not important.  CRAs never lend money, no matter how many points you collect. You can't even exchange them for Argos vouchers.

Lets start again.  What cards, debts and limits do you have currently?

sinofrench26

I have x3 cards.  Three with £0 balances (one I had with low interest), (another I kept for going abroad it it has 0% on commission) (the other is MBNA now) and one with £2000 owing (Sainsbury's).  I only have 2000 debt that's all that will be repaid once I get refund from the holiday from easyJet which I still haven't had yet.  same as everyone due to COVID-19.

hermante

Everyone else is missing the point. Not sure if this has anything to do with credit reports.
I don't see why you need to do a balance transfer if the card is currently 0% interest and you expect to receive a refund of the spending making up the balance?

But if you really want to then I would try to do the balance transfer again before giving up. If you don't need the new card and your total credit limits are more than your annual income then I would close it.

D3xt3r5L4b

sinofrench26 said:

hi
I applied for credit card (MBNA) but I have a good credit score with no missed payments.  I wanted to make a balance transfer from Sainsbury's credit card to MBNA but said they couldn't as there is an external score decline?   I'm am waiting for refund to pay off the Sainsbury's credit card but as like everyone COVID-19 there are delays to pay off the Sainsbury's credit card, but Sainsbury's no interest ends in august.

What does this mean and what can I do?  Also, does closing credit cards harm your credit score?

How do you know you have a “good credit score with no missed payments” if you’ve never checked your credit files before?

SlovakianGuy

sassy-one said:

Sometimes you can fail a credit check even with "amazing" credit history, no defaults, always pay on time etc.
It can be simply that the company isn't wanting customers in your group just now.

True.
This happened to me 2 weeks ago when I applied for NatWest credit card. I really didn't expect they may decline it.
Absolutely immaculate credit history, many current accounts (never overdrawn), 3 other credit cards (2 paid in full each month, 1 is still on 0% introductory rate). In addition to that, I have a current account with NatWest since 2018 so they already know me.
I would really like to know what kind of customer are they looking for. I know that no one will tell me, but I'd be very curious about what is that difference between me and those who get approved.
Btw, I then applied for Halifax and got approved immediately for a card with almost 6k limit.

DCFC79

sinofrench26 said:

What should I do if I can't transfer Sainsbury's balance transfer?  do I close MBNA credit card as I can't use it now or will this harm my credit score?

Your score is only seen by yourself, your history is what lenders see.

sinofrench26

D3xt3r5L4b said:

sinofrench26 said:

hi
I applied for credit card (MBNA) but I have a good credit score with no missed payments.  I wanted to make a balance transfer from Sainsbury's credit card to MBNA but said they couldn't as there is an external score decline?   I'm am waiting for refund to pay off the Sainsbury's credit card but as like everyone COVID-19 there are delays to pay off the Sainsbury's credit card, but Sainsbury's no interest ends in august.

What does this mean and what can I do?  Also, does closing credit cards harm your credit score?

How do you know you have a “good credit score with no missed payments” if you’ve never checked your credit files before?

As I did credit check with credit club.  But perhaps I have to do others.

sinofrench26

hermante said:

Everyone else is missing the point. Not sure if this has anything to do with credit reports.
I don't see why you need to do a balance transfer if the card is currently 0% interest and you expect to receive a refund of the spending making up the balance?

But if you really want to then I would try to do the balance transfer again before giving up. If you don't need the new card and your total credit limits are more than your annual income then I would close it.

Problem is it has taken me a month to even get through to them to try the balance transfer!  Then I only had x3 days left on the promotional rate then got that error.  So I made a complaint has it seem unfair.  0% promotion rate balance transfer with handling fee.  Not sure if they will do anything about it.
My annual income is higher than MBNA credit limit.  Should I close it if nothing comes of the complaint?

D3xt3r5L4b

What was your complaint about?

sinofrench26

D3xt3r5L4b said:

What was your complaint about?

Taken me x2-3 weeks to get through to MBNA.