Experian & credit ratings

[PhillVR6]

I've just been refused an RBS credit card because of negative information from a previous address, now bearing in mind that I've never had a problem with any sort of finance and in the past 2 year I've opened another credit card and got a £115k mortgage, how can this be?

I'm absoloutly fuming!!!

[Flat in Fifth]

Obviously from the title you know who gave you the credit rating. Get your report from them, used to cost £2, and then set the record straight. They have to alter the records.

Sometimes people get refused because they don't have a landline number and just use mobiles. This is a big negative mark in credit scoring.

This site is useful www.moneysavingexpert.com

[MILF]

I agree.

Friend of mine on £13K & a year & renting applied for the same Credit Card as me (me on "somewhat" more than his wage & with a mortgage)& received said Credit card with a limit 3 times more than me !!

PS, anybody on here who works for one of those Agencies. Any tips so as to (legitametly) improve our Credit score ?

[PhillVR6]

I've ordered a report, it really grates that some er can hold information on me and take my money to show it to me, absoloutly crazy!

[Flat in Fifth]

MILF said:

PS, anybody on here who works for one of those Agencies. Any tips so as to (legitametly) improve our Credit score ?

read this....

www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1101485056,23650,

[Plotloss]

Could be someone else listed at that address thats flagging it as bad.

Credit scores are funny things, not something to lose sleep over though.

[TurboNelly]

I had trouble with this a couple of years back. Refused for a credit card and told that they couldn't divulge exactly why I was refused, but that I could get my credit report from Experian, which formed the basis for their decision.

Paid for a report from Experian and there was nothing negative on there at all. Phoned credit card company back and told them this and, after 10 minutes of head-scratching at their end, they couldn't work out why i'd been refused and subsequently issued me with a card.

Sounds like a great system

[Pulsatingstar]

Heh company I used to work for used to send out letters just like that.

Nothing especially wrong, just didnt meen our criteria. Did confuse some people though. I never really liked the wording on it.

[Lurking Lawyer]

TurboNelly said:

Paid for a report from Experian and there was nothing negative on there at all. Phoned credit card company back and told them this and, after 10 minutes of head-scratching at their end, they couldn't work out why i'd been refused and subsequently issued me with a card.

It need not necessarily be the result of anything wrong with your credit history - it could just be that don't fit the particular profile they're looking to fill.

So, for example, if you pay the card off in full every month, or don't use it a lot, they may not want to issue one to you.

It has happened to me on a couple of occasions and I apparently have a spotless A1 credit history (according to the guy at the Nationwide, when he processed my mortgage application last year - good enough for them to approve it there and then rather than waiting for the usual income reference).

[rich1231]

Plotloss said:

Could be someone else listed at that address thats flagging it as bad. Credit scores are funny things, not something to lose sleep over though.

As having been the victim of id theft i can assure credit ratings are something to lose sleep over.

[PhillVR6]

Lurking Lawyer said:

So, for example, if you pay the card off in full every month, or don't use it a lot, they may not want to issue one to you.

Sounds like me

Lurking Lawyer said:

It has happened to me on a couple of occasions and I apparently have a spotless A1 credit history (according to the guy at the Nationwide, when he processed my mortgage application last year - good enough for them to approve it there and then rather than waiting for the usual income reference).

Again,I got a mortgage on my current house with no issues.

[Plotloss]

Choice is yours, I personally wouldnt but then I wrote some of the scoring software