Credit Report - Credit Score
Credit Report - Credit Score
Over the last 10 months, I have ensured that all payments have been kept upto date, closed accounts no longer required, settled store cards, got my name on electrol role,
and just paid 13 quid (8 quid for membership, 5 for score) and found it is at 834 !!
Well chuffed, only one late payment to Orange in the past 6 months, (obviously would have had a better score without this)
Rang them up straight away to cancel membership, which they did (so then i dont pay another 8 quid in a months time) and the guy said to continue for another 10 months and the score should get above 900
which I hope it does, as I am planning to buy house around that time !
So I say, get your report and score and look at what you can improve, then any credit applications, you will get better deals !
[COLOR="Gray"]December 2008: Crashed Lexus IS200 - Cat B Write Off
August 2009: Crashed Vauxhall Astra - Minor Damage DIY Repair
November 2009: Crashed Vauxhall Astra - Scratches To Bumper No Repair Required
February 2010: Other Party Crashed Into Astra - Extensive Damage To Rear -Settled With Third Party's Insurance
Anyone dare To Predict The Future?[/COLOR]
10 months ago, I did a credit score check and was very dissapointed to find my score was aprox. 350 out of 1000 in the Poor section.
Over the last 10 months, I have ensured that all payments have been kept upto date, closed accounts no longer required, settled store cards, got my name on electrol role,
and just paid 13 quid (8 quid for membership, 5 for score) and found it is at 834 !!
Well chuffed, only one late payment to Orange in the past 6 months, (obviously would have had a better score without this)
Rang them up straight away to cancel membership, which they did (so then i dont pay another 8 quid in a months time) and the guy said to continue for another 10 months and the score should get above 900
which I hope it does, as I am planning to buy house around that time !
So I say, get your report and score and look at what you can improve, then any credit applications, you will get better deals !
[COLOR="Gray"]December 2008: Crashed Lexus IS200 - Cat B Write Off
August 2009: Crashed Vauxhall Astra - Minor Damage DIY Repair
November 2009: Crashed Vauxhall Astra - Scratches To Bumper No Repair Required
February 2010: Other Party Crashed Into Astra - Extensive Damage To Rear -Settled With Third Party's Insurance
Anyone dare To Predict The Future?[/COLOR]
Most lenders now ask for a 30% deposit I've heard?
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Mods:...WIM geometry setup & fine tune, K&N Air filter, Stainless steel A/C rings, Brodit phone kit, Stainless steel clock surround, B&M Shortshifter & LED Domelight, Maplight & Sun Visors, OEM Chrome exhaust tip, OEM rubber bootliner, Fan type windscreen washer jets, LS430 Side repeaters, OEM LE grille, OEM cargo net, Front OEM armrest
Keep it up- you need a very good credit history nowadays if you want to get on the property ladder.
Most lenders now ask for a 30% deposit I've heard?
[SIGPIC][/SIGPIC]
Mods:...WIM geometry setup & fine tune, K&N Air filter, Stainless steel A/C rings, Brodit phone kit, Stainless steel clock surround, B&M Shortshifter & LED Domelight, Maplight & Sun Visors, OEM Chrome exhaust tip, OEM rubber bootliner, Fan type windscreen washer jets, LS430 Side repeaters, OEM LE grille, OEM cargo net, Front OEM armrest
My score was at 920 at the start of the year. Could i get a loan of 3000. Could i hell
Its all very well, but i find the lenders are still not very giving. I had a rubbish score for years, but the past two years i had been working on getting it down, paid of credit card, closed accounts. Now all i have against me is an unpaid phone bill of 22 quid from tmobile due to their mess up.
My score was at 920 at the start of the year. Could i get a loan of 3000. Could i hell
Unfortunately (and perhaps rightly so) paying your bills on time doesn't necessarily mean you'll be able to keep up payments on a £200k mortgage.
It's a situation that still really irritates me though, as if they hadn't have been so ridiculously lenient over the last few years there would be no need to be so ridiculously strict now.
2002 '02' IS200 SE Auto - DVD Satnav with Voice Activation - [COLOR="Blue"]Strathcaron Blue - Parking Sensors - 5000K HIDs with Anti-Glare Bulbs - PIAA 6500K Main Beams - LED Sidelights - Mirror/Sunroof Closure - TTE Styling Kit - 18" Styling Kit Alloys with nitrogen filled Goodyear Eagle F1 Asymmetric Tyres - Bluetouch Multimedia Kit - Gromaudio AUX in - Black painted calipers with silver Lexus decals - 12 LED Dome Light - 96 LED Boot Light - Stainless Steel Sport Sill Plates - PIAA Silicone Wipers[/COLOR]
That's a nice improvement there! I'm afraid Hurricane's right though - credit score only really helps in terms of them actually speaking to you, but to get money out of them you really have to prove that you have the income and stability to back it up.
Unfortunately (and perhaps rightly so) paying your bills on time doesn't necessarily mean you'll be able to keep up payments on a £200k mortgage.
It's a situation that still really irritates me though, as if they hadn't have been so ridiculously lenient over the last few years there would be no need to be so ridiculously strict now.
2002 '02' IS200 SE Auto - DVD Satnav with Voice Activation - [COLOR="Blue"]Strathcaron Blue - Parking Sensors - 5000K HIDs with Anti-Glare Bulbs - PIAA 6500K Main Beams - LED Sidelights - Mirror/Sunroof Closure - TTE Styling Kit - 18" Styling Kit Alloys with nitrogen filled Goodyear Eagle F1 Asymmetric Tyres - Bluetouch Multimedia Kit - Gromaudio AUX in - Black painted calipers with silver Lexus decals - 12 LED Dome Light - 96 LED Boot Light - Stainless Steel Sport Sill Plates - PIAA Silicone Wipers[/COLOR]
Theres no such thing as a middle ground with these people, lending is very much 'all or nothing'. I cant see that changing any time soon either, which is a pain, as i was hoping to start looking for a place of my own in the the next 12 months
[COLOR="Gray"]December 2008: Crashed Lexus IS200 - Cat B Write Off
August 2009: Crashed Vauxhall Astra - Minor Damage DIY Repair
November 2009: Crashed Vauxhall Astra - Scratches To Bumper No Repair Required
February 2010: Other Party Crashed Into Astra - Extensive Damage To Rear -Settled With Third Party's Insurance
Anyone dare To Predict The Future?[/COLOR]
good points, lets hope its get better in the next 12 months, it all depends what the government does really.
[COLOR="Gray"]December 2008: Crashed Lexus IS200 - Cat B Write Off
August 2009: Crashed Vauxhall Astra - Minor Damage DIY Repair
November 2009: Crashed Vauxhall Astra - Scratches To Bumper No Repair Required
February 2010: Other Party Crashed Into Astra - Extensive Damage To Rear -Settled With Third Party's Insurance
Anyone dare To Predict The Future?[/COLOR]
Hurricane Theres no such thing as a middle ground with these people, lending is very much 'all or nothing'. I cant see that changing any time soon either, which is a pain, as i was hoping to start looking for a place of my own in the the next 12 months
me too, that was the idea
[COLOR="Gray"]December 2008: Crashed Lexus IS200 - Cat B Write Off
August 2009: Crashed Vauxhall Astra - Minor Damage DIY Repair
November 2009: Crashed Vauxhall Astra - Scratches To Bumper No Repair Required
February 2010: Other Party Crashed Into Astra - Extensive Damage To Rear -Settled With Third Party's Insurance
Anyone dare To Predict The Future?[/COLOR]
Hurricane Theres no such thing as a middle ground with these people, lending is very much 'all or nothing'. I cant see that changing any time soon either, which is a pain, as i was hoping to start looking for a place of my own in the the next 12 months
me too, that was the idea
[COLOR="Gray"]December 2008: Crashed Lexus IS200 - Cat B Write Off
August 2009: Crashed Vauxhall Astra - Minor Damage DIY Repair
November 2009: Crashed Vauxhall Astra - Scratches To Bumper No Repair Required
February 2010: Other Party Crashed Into Astra - Extensive Damage To Rear -Settled With Third Party's Insurance
Anyone dare To Predict The Future?[/COLOR]
The more critical factor is interest rates. This is just my personal opinion and not professional advice, but I would say to anyone looking to buy property in the next few months to hold on for a bit and see what happens - the interest rate is bound to start rising as soon as the election is over, and most predictions put the base rate up to 1.5-2% by the end of 2010 which will obviously have quite a drastic effect on the housing market.
2002 '02' IS200 SE Auto - DVD Satnav with Voice Activation - [COLOR="Blue"]Strathcaron Blue - Parking Sensors - 5000K HIDs with Anti-Glare Bulbs - PIAA 6500K Main Beams - LED Sidelights - Mirror/Sunroof Closure - TTE Styling Kit - 18" Styling Kit Alloys with nitrogen filled Goodyear Eagle F1 Asymmetric Tyres - Bluetouch Multimedia Kit - Gromaudio AUX in - Black painted calipers with silver Lexus decals - 12 LED Dome Light - 96 LED Boot Light - Stainless Steel Sport Sill Plates - PIAA Silicone Wipers[/COLOR]
Yep many lenders are still doing 10%, but I imagine you have to meet much stricter criteria. As for things improving, I don't think it'll happen too soon, but hopefully things will ease up in 2011.
The more critical factor is interest rates. This is just my personal opinion and not professional advice, but I would say to anyone looking to buy property in the next few months to hold on for a bit and see what happens - the interest rate is bound to start rising as soon as the election is over, and most predictions put the base rate up to 1.5-2% by the end of 2010 which will obviously have quite a drastic effect on the housing market.
2002 '02' IS200 SE Auto - DVD Satnav with Voice Activation - [COLOR="Blue"]Strathcaron Blue - Parking Sensors - 5000K HIDs with Anti-Glare Bulbs - PIAA 6500K Main Beams - LED Sidelights - Mirror/Sunroof Closure - TTE Styling Kit - 18" Styling Kit Alloys with nitrogen filled Goodyear Eagle F1 Asymmetric Tyres - Bluetouch Multimedia Kit - Gromaudio AUX in - Black painted calipers with silver Lexus decals - 12 LED Dome Light - 96 LED Boot Light - Stainless Steel Sport Sill Plates - PIAA Silicone Wipers[/COLOR]
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