Poor credit score
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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.0 -
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.0 -
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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?0 -
That's right. It reflects general data protection regulations.0
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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.0
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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 job0 -
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 worthiness0
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