Experian Credit Score 867 unable to get loan

dontknowwhattodonext

I realise the Experian Credit Score 867 is only an indication, but I have been decined a 10k load from Tesco's I have credit cards all cleareed and 2 x First Direct loans, First Direct also declined to merge the 2 loans and loan me 10k

realise hard but wondering why I can I get credit cards but struggling to get a loan, is there any specific to look for on my credit report

Brie

the credit report is immaterial and unlikely to be even looked at by the bank.

the problem will be the difference between all the credit you have plus all the credit you are applying for and what your income is.

the fact that your credit cards are clear just means you could go out on a spending spree not that you are a good risk.

Wheres_My_Cashback

dontknowwhattodonext said:

I realise the Experian Credit Score 867 is only an indication, but I have been decined a 10k load from Tesco's I have credit cards all cleareed and 2 x First Direct loans, First Direct also declined to merge the 2 loans and loan me 10k

realise hard but wondering why I can I get credit cards but struggling to get a loan, is there any specific to look for on my credit report

Here's another score for you - 938!

It's as meaningless as the one you quoted.

Different lenders, different criteria, different customer profiles required, maybe not a great credit history, maybe too much available credit already, maybe too much utilised credit, maybe income too low compared to the former, maybe late payments, maybe 1001 other things.

Only you and they know why.

Ebe_Scrooge

As above, your score is utterly meaningless.  It could be any one of a number of factors, but I suspect total debt may be playing a large part.  You say that you already have 2 FD loans.  Depending on the amount outstanding, it may simply be that lenders view an additional £10K as pushing you beyond the affordability guidelines.

macman

Merging two loans doesn't reduce your debt,  or increase your credit-worthiness. The only point in consolidating is to reduce the total interest paid.

DCFC79

Lenders see your history, any negatives on it ?

Ill put it down to asking for £10k when you already have 2 loans.