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Dodgy info suggested

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  • Grumpy_chap
    Grumpy_chap Posts: 15,073 Forumite
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    What that credit score ignores is that my income is a fraction of what it was a few years ago so whilst fully able to keep up with all my obligations I would still not be a prime borrowing candidate. 

    The credit score companies that share us a number also now give "borrowing power" or "affordability" figures and all this does is to absolutely prove the faults with their algorithms for anything out of the ordinary.  I have temporarily "suspended" my Ltd Co trading and taken a NMW job.  That means I moved from basic income plus dividends to a low income.  The "borrowing power" and "affordability" figures have changed from zero to maximum.  Totally absurd as NMW is far lower than I was drawing in total before but, clearly, the credit score algorithms can only cope with "regular" employed income and that trumps everything else.
  • YoungBlueEyes
    YoungBlueEyes Posts: 4,180 Forumite
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    Credit scores of 999 are attainable, I have one. I do have a sim only phone contract (bought my phone for cash), but I've been refused a couple of credit cards - one of which was a rebuilder type thing!
    China is the world's largest supplier of Bibles: one factory in Nanjing prints over a million a month.
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