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  • FIRST POST
    • gcoopermax
    • By gcoopermax 9th Apr 18, 4:40 PM
    • 49Posts
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    gcoopermax
    Average credit score in area important for house search?
    • #1
    • 9th Apr 18, 4:40 PM
    Average credit score in area important for house search? 9th Apr 18 at 4:40 PM
    Hi,

    There are websites like https://www.checkmyfile.com/postcode-check.htm show approximate average score for any post code by compiling information from insolvency records, court judgments etc. I was wondering how many people care for this when they are deciding on their property, given that information compiled from such indirect sources may not be very accurate because the actual information from credit files of the people is not accessed while calculating the average score, only indirect information available from government sources is used.
Page 1
    • TadleyBaggie
    • By TadleyBaggie 9th Apr 18, 4:43 PM
    • 2,904 Posts
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    TadleyBaggie
    • #2
    • 9th Apr 18, 4:43 PM
    • #2
    • 9th Apr 18, 4:43 PM
    Since credit scores are made up numbers that no one else can see, the average number for an area is meaningless.
    • gcoopermax
    • By gcoopermax 9th Apr 18, 4:51 PM
    • 49 Posts
    • 13 Thanks
    gcoopermax
    • #3
    • 9th Apr 18, 4:51 PM
    • #3
    • 9th Apr 18, 4:51 PM
    Since credit scores are made up numbers that no one else can see, the average number for an area is meaningless.
    Originally posted by TadleyBaggie
    Yes I do subscribe to the notion that credit score as a generalised quantification of one's creditworthiness may not be very relevant because every lender has a different criteria, however qualitatively, someone having say 950+/1000 score would of course must have been managing his credit and finances a lot better than someone with 500/1000. And average score, though not pulled up from the "calculated" scores of Experian etc, do take into account court judgments etc and may be interpreted as a reflection of creditworthiness of people in that area. Hence I was wondering if people put any importance on checking this.
    • ThePants999
    • By ThePants999 9th Apr 18, 5:37 PM
    • 1,260 Posts
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    ThePants999
    • #4
    • 9th Apr 18, 5:37 PM
    • #4
    • 9th Apr 18, 5:37 PM
    You won't find anyone who'll say "well, I WOULD have bought it, except the area's average credit score was too low".

    You will find people who'll use it as one more data point feeding into their overall feeling about the area.
    • Smodlet
    • By Smodlet 9th Apr 18, 5:49 PM
    • 3,981 Posts
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    Smodlet
    • #5
    • 9th Apr 18, 5:49 PM
    • #5
    • 9th Apr 18, 5:49 PM
    I really don't understand the OP. Does living next door to someone with a less than perfect credit score have any impact on you? Maybe don't lend them your lawnmower; they might flog it on e-bay.
    What is this life if, sweet wordsmith, we have no time to take the pith?
    Every stew starts with the first onion.
    I took it upon myself to investigate a trifle; it had custard, jelly, soggy sponge things...
    • gcoopermax
    • By gcoopermax 9th Apr 18, 6:09 PM
    • 49 Posts
    • 13 Thanks
    gcoopermax
    • #6
    • 9th Apr 18, 6:09 PM
    • #6
    • 9th Apr 18, 6:09 PM
    I really don't understand the OP. Does living next door to someone with a less than perfect credit score have any impact on you? Maybe don't lend them your lawnmower; they might flog it on e-bay.
    Originally posted by Smodlet
    What I want from MY neighbours is for them to be nice and friendly and I couldn't care less about their creditworthiness. But this question was purely from point of view of an owner (i.e. I if I buy this house) who wants to sell this property and whether the potential buyers would use this criteria :-)
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