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    • zx81
    • By zx81 18th Jan 18, 1:47 PM
    • 16,866 Posts
    • 17,886 Thanks
    zx81
    The drop in credit score could be due to the weather. It doesn't mean anything so ignore it.

    You utilisation is quite high. You could stand to get another card - another 5k wouldn't look too much for your income, and would make your utilisation better.

    However, lenders wouldn't be too concerned at the moment as your debt is at 0%, so you don't look desperate for credit.
    • Kc18
    • By Kc18 23rd Jan 18, 1:45 AM
    • 2 Posts
    • 0 Thanks
    Kc18
    We are currently looking at getting our first mortgage within the next year or two (max 2 years) however after checking my credit score I am slightly concerned about my late payments on some online stores, worst of it was a about 3 years ago back when my credit score was not something I was thinking about, these are the only form of debt I have had and I am currently applying for a credit card to try to boost my score but I am concerned this is going to be a little bit to late now.
    • zx81
    • By zx81 23rd Jan 18, 5:26 AM
    • 16,866 Posts
    • 17,886 Thanks
    zx81
    It's never too late.

    Get a card, use regularly and clear in full each month. Set up a full pay DD so you don't miss payments.

    Don't pay any attention to the score itself. Just focus on managing your credit responsibly.
    • shicky
    • By shicky 23rd Jan 18, 6:10 PM
    • 75 Posts
    • 23 Thanks
    shicky
    The drop in credit score could be due to the weather. It doesn't mean anything so ignore it.

    You utilisation is quite high. You could stand to get another card - another 5k wouldn't look too much for your income, and would make your utilisation better.

    However, lenders wouldn't be too concerned at the moment as your debt is at 0%, so you don't look desperate for credit.
    Originally posted by zx81
    when you mention utilisation, is there a rule I should keep in mind such as the 30% one I mentioned? Or is this nonsense?

    I wonder if there's anything else to consider in terms of being more 'advanced' for lack of a better term. For this I mean healthy financial situation, if the debt was suddenly recalled, I could pay it. I wondered if I basically should try to get access to as much credit as possible while it's easy?
    • zx81
    • By zx81 23rd Jan 18, 6:20 PM
    • 16,866 Posts
    • 17,886 Thanks
    zx81
    Certainly keep a healthy amount of your credit unused - 50% utilisation is often quoted, but it really depends on your circumstances.

    Don't over think it, but things to bear in mind -

    - Don't have so much credit that if you maxed it out tomorrow, lenders would think you could never pay it back

    -Don't use all your available credit - you look desperate

    - Don;t carry interest bearing debt unless you need to

    - Don't make vast numbers of searches at one time - again, you look desperate.

    But other than that - borrow what you need to and pay it back on time.
    • HES1984
    • By HES1984 6th Feb 18, 7:44 PM
    • 4 Posts
    • 0 Thanks
    HES1984
    Credit Score Correction
    2 years ago I received a consent order when i divorced my Ex husband which stated he had to pay any and all joint debt that was accrued when we were together, due to him maxing out overdrafts gambling and paying back payday loans.
    At the time he was working for a reputable bank which held the larger of the two accounts (2k overdrawn) and we went to the back to get my name taken off the account but the bank refused - saying the consent order didn't mean anything - i believe this was due to him working for them and the adviser we saw being his friend.
    I was wondering if there was anyway to challenge this by getting in touch with the financial ombudsman and/or getting a correction on my credit score, as the tiny amount he is paying off every month (if he pays anything at all) is crippling my score and i am desperate to buy a house - something i am unable to do if this carries on.

    If you took the time to read this thank you very much.
    • shlom
    • By shlom 11th Feb 18, 2:30 PM
    • 2 Posts
    • 0 Thanks
    shlom
    credit card refusal
    Will applying for a credit card with a provider that can see my current account and savings account change my chance of being accepted?
    • DCFC79
    • By DCFC79 11th Feb 18, 2:57 PM
    • 31,703 Posts
    • 19,992 Thanks
    DCFC79
    Will applying for a credit card with a provider that can see my current account and savings account change my chance of being accepted?
    Originally posted by shlom
    Maybe maybe not.

    Apply and see what happens.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • jacobjohn7
    • By jacobjohn7 12th Apr 18, 12:43 PM
    • 68 Posts
    • 8 Thanks
    jacobjohn7
    Loan request
    Hi, all... question. I have the best credit rating score...I recently applied for a loan AA and got offered 20,000 in 5 minutes at 3.1% I thought it would need a confirmation like some websites say do you want accept this.. Well, I was kind of testing the water, and I thought a willing lender search and a willing offer, declined eventually by me would not be a bad thing... I have just re applied to get the same loan and instead of 3.1% its now 9.9% whats the next step getting in contact with the AA to take the searches off my file? thanks alll
    • DCFC79
    • By DCFC79 12th Apr 18, 1:08 PM
    • 31,703 Posts
    • 19,992 Thanks
    DCFC79
    Hi, all... question. I have the best credit rating score...I recently applied for a loan AA and got offered 20,000 in 5 minutes at 3.1% I thought it would need a confirmation like some websites say do you want accept this.. Well, I was kind of testing the water, and I thought a willing lender search and a willing offer, declined eventually by me would not be a bad thing... I have just re applied to get the same loan and instead of 3.1% its now 9.9% whats the next step getting in contact with the AA to take the searches off my file? thanks alll
    Originally posted by jacobjohn7
    The searches stay as long as they are correct which in this case they are. Why would you want them removed ?

    Why did you apply then turn it down (have I got that right) and re apply again ?

    The 3.1% is a very good rate.

    Your credit score albeit good isn't seen by anyone but you.
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
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