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    • Ficofuture
    • By Ficofuture 5th Sep 17, 6:57 PM
    • 28Posts
    • 4Thanks
    Multiple applications......the results
    • #1
    • 5th Sep 17, 6:57 PM
    Multiple applications......the results 5th Sep 17 at 6:57 PM
    First a hello !, been reading a long time but my first post

    This may help others considering doing similar

    all done on same day (weekday during business hours) in this order

    Reason for order, highest chances first going by the individual company eligibility checkers, and existing cards held (17)

    Virgin......instant accept
    Nationwide........instant accept
    Amex.........not instant, but approved next day
    Tesco.......instant accept
    HSBC........Not instant, declined by letter (*Note 1)
    Lloyds......declined online
    Santander........declined online
    Post Office.......awaiting outcome

    At which point i stopped, other than applying for a couple of fuel cards for my business, which were a straight accept, and a
    Company Barclaycard......awaiting outcome

    ALL used Experian, it seems only Nat West business and HSBC business use Equifax nowadays ?
    *Note 1...HSBC did their hard enquiry a day later, so seeing all the other searches, just down to their slow procedure !

    My SCORE (!) went from 975 to 890 for the 10 or so searches, has dropped since to 790 as the accounts start registering, i expect it to fall further as they all catch up.

    Prior to this my Experian SCORE behaved exactly as predicted,
    It went up as each of my last 3 searches went over the 6 months threshold, to the actual date
    It went up as each of these 3 new accounts went over the 6 months threshold, again, perfectly as one would inspect.

    Having seen a lot of bad advice and simply wrong information being given on here, i think we need to set a few simple things straight............

    Anyone saying scores do not matter.........has a low score, or something to hide, period !

    Because, if you do as they are all keen to advise, pay in full, on time, keep your utilisation low, then your score WILL go up !, if it does not, there is more to the story, always !

    Your score is a reflection of your history, in easy to understand terms

    Another gem is the " Banks lend money, credit agencies do not'
    All banks lending money use credit agencies to help decide who to lend to !

    If you want up to date info, as i do, i pay for the service.
    if you want a snapshot of how your file looked 6 to 8 weeks ago, Noddle if free, but pretty useless for those very reasons
Page 3
    • The Boss
    • By The Boss 28th Oct 17, 11:34 AM
    • 5,709 Posts
    • 3,771 Thanks
    The Boss
    Your score reflects what they see !!!!!!!!!
    Originally posted by Ficofuture
    Your "credit score" also reflects the data that they don't see.

    So credit reference agency "scores" are still as indicative as a big steaming pile of poo.
    • thebestdayever
    • By thebestdayever 28th Oct 17, 5:58 PM
    • 3 Posts
    • 5 Thanks
    This is crazy though - i lost some really high credit scores because of it.
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