Poor credit score

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    madbit wrote: »
    These lenders put more trust in a score that you have all said is worthless, than my own credit in the past.

    These lenders don't see your score.

    They will only go on your credit history.
  • madbit
    madbit Posts: 19 Forumite
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    Deleted_User wrote: »
    These lenders don't see your score.

    They will only go on your credit history.


    Let me rephrase it then,

    Lenders put more trust in your current credit worthiness, then your past history. Anyhow, this is diverting from teh original question a little so will end it there.
    Thanks anyhow.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    They dont see the CRA scores.

    They look at the historical data and use their own internal scoring system to decide whether you are suitable or not.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    madbit wrote: »
    Lenders put more trust in your current credit worthiness, then your past history.

    It varies by lender.

    Sub prime lenders will take a fairly short term view. Those higher up the lending ladder will tend to look back further.
  • madbit
    madbit Posts: 19 Forumite
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    Deleted_User wrote: »
    It varies by lender.

    Sub prime lenders will take a fairly short term view. Those higher up the lending ladder will tend to look back further.

    But doesn't your history only go as far as 6 years?
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    That's right. It reflects general data protection regulations.
  • madbit
    madbit Posts: 19 Forumite
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    Just to update on my last post, my defaults being removed from my file did make a huge difference, also, i managed to clear another default which made a huge difference to my score. I am back above average for country now.
  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
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    You are 'back above average' using a score that no lender uses or sees. As stated previously, lenders only look at your credit history (the data in your credit file), added to the data you submit in a credit application.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    madbit wrote: »
    Just to update on my last post, my defaults being removed from my file did make a huge difference, also, i managed to clear another default which made a huge difference to my score. I am back above average for country now.

    So you've learnt and read nothing from the posts above then.

    The scores are insignificant and have no bearing on your credit worthiness
  • MEM62
    MEM62 Posts: 4,746 Forumite
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    madbit wrote: »
    I am back above average for country now.

    Randomly generated numbers do not have averages.
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