IVA finally fell of records this week, credit report now gleaming, all payts up to date etc, home owner etc but credit rating only showing 6/10 - why is this? Thought it would be 10/10!!
It explains the reasons why it might be marked down.
Bear in mind the 6/10 or 10/10 or whatever score is just the credit reference agency's interpretation of the data.
Creditors don't see this score actually. They just see the data and make up their own mind. But it is a good guide and it's reasonable to assume creditors would make similar judgments.
Check Equifax and Experian also.Check for consistency.Most of the time they are saying the same thing.Then keep to one to monitor like Noddle.(Call credit)Becoming more used by lenders.
Creditfile cannot be gleaming with 6/10 score.
Nationwide published an online guide last week that advises on getting a good credit record.It is still online you should check it out.
As it is on their site they must take it seriously too when vetting customers.
They for one won't like to see more than 25% borrowing long term of your credit limit on
c cards.
Last edited by TzeKin on Sun Feb 15, 2015 2:31 pm, edited 1 time in total.
