Fact Experian credit score means nothing!!!!!

col81

I have a experian credit score of 847, i have 5 defaults 2 dropped off in August. 1 drops off in Jan 21 and 2 drop off in May 21. I just completed a soft search for a credit card and everyone i am not eligable, hopefully in June 21 when they have dropped off i will be. 

Ebe_Scrooge

Not quite sure what your point is here.  Yes, your score is meaningless - a fact that is highlighted on these forums time and time and time again, at least a dozen times a week.  Any prospective lender looks at the data contained within your files, and cannot even see the score assigned by the CRA.  They will have seen the defaults, and they are most likely the reason you've been declined (of course, defaults are only one element that go to make up your complete history, a lender will look at all the data and make a decision based on the full picture, and how that fits in with their particular lending criteria).

MovingForwards

I've now got a score of 800, it was a lot lower than that when I got a mainstream credit card and sub-prime mortgage, with a large settled CCJ, defaults etc.

As the sticky post says, it's credit history which is a factor in determining whether a company will offer finance.

Blackbeard_of_Perranporth

Experian! My score is 999,they proffer a mortgage, then say I don't qualify! Marketing tool?

MattMattMattUK

Well done, you have figured out something that most of us have known for a decade or more, have a slice of cake, and a guide to punctuation. 

adamp87

MattMattMattUK said:

Well done, you have figured out something that most of us have known for a decade or more, have a slice of cake, and a guide to punctuation. 

Do you always have to be so obtuse to people?

sourcrates

col81 said:

I have a experian credit score of 847, i have 5 defaults 2 dropped off in August. 1 drops off in Jan 21 and 2 drop off in May 21. I just completed a soft search for a credit card and everyone i am not eligable, hopefully in June 21 when they have dropped off i will be. 

Hi,

I must say I do not share, what appears to be a willingness on your part, to start racking up more debt.

Five defaults certainly suggests to me you have had serious problems coping with management of your debt in the past.

You do not mention if any of the balances remain outstanding, but if they do, may i respectfully suggest you pop over to the debt free wanabee board, and ask for advice that does not involve further borrowing.

Merry christmas to you.

Thrugelmir

col81 said:

I have a experian credit score of 847, 

Experian don't advance credit though. Banks and finance houses do..........

col81

I use the credit card soft search to see what happens. Once my defaults drop off in May I want to re mortgage I am earning a lot more than I was 12 months ago. A new mortgage is my priority i dont want any cards

Thrugelmir

col81 said:

I use the credit card soft search to see what happens. Once my defaults drop off in May I want to re mortgage I am earning a lot more than I was 12 months ago. A new mortgage is my priority i dont want any cards

Use a mortgage broker. They can guide you to the most appropriate lender for your circumstances and credit history.  

dazzaofdagenham

My credit was in tatters years ago...several defaults and a CCJ....had to go with a subprime lender at the time and pay extra for mortgage...my credit is now average and looking around for deals, it was my existing lender who offered the best rates. And no extra credit checks...