Credit Score and Finance

[haybaby212]

Guys

quick question am looking into getting a new car and thought i would check my credit score first which to my horror is just under 500 points on experian.

This is due to an ex not closing an account when she should have done that was in joint names and has defaulted and also for a catologue account that has defualted i have settled both accounts and will chase her for the cash.

So my question is what score is a safe score to apply for credit as refusal will make it worse.


My cash funds and proving a high rate of income is easy but with out the credit score to back it up will be no good .

Thanks

[Smirnoff]

Experian credit scores don't mean much. All banks use different systems to calculate them.

2 defaults in your name is a bigger problem, but it bepends on how much they were for.

Car finance shouldnt be too much of a problem best thing to do is go to a broker who deals with a few lenders and see if you can get agreed, dont use a dealer man as they are usually tied to one lender.

HTH

[haybaby212]

one was for £150 and another for about £100 mate not massive amounts by any means

[haybaby212]

sorry make that 3 the other was £225 but was settled years ago