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Hi Beagles,
I was hoping someone may have some insight into why my scores are so low. I have been declined for credit in the last 6 months and cant fathom why. We were declined for a mortgage with a 15% deposit and a very good income/expenditure profile (affordability). Household income is quite high and outgoings are about 25% of this. Ive also applied for a credit card and was declined for that.
When pulling my reports from the three agencies, callcredit list my score as 'low' (2/5 on noddle), experian list me as 'fair' (764 - creditexpert) and equifax (direct) is 'fair' too (though i dont recall the score from equifax, it was middle of the road in the scale). Im just confused as to why I get declined when my history has nothign negative in it.
Revolving credit: 4 accounts open. All balances are below 50% of available credit. Oldest account is 2.5 years, youngest is 1.5 years. All accounts have perfect payment history.
Others: Bank account with overdraft. 4+ years. Additional bank with overdraft (3+ years). Mobile phone 3+ years. All with no black marks and perfect payment history, overdraft has never been used.
No defaults. No CCJs. Only two 'hard' hits in the last 6 months (the mortgage and the credit card I was declined for). Everything else is soft hits.
On Electoral roll since 2010 at current address. Lived at current address for 4 years.
Even with all this, im stuck in some kind of credit 'no mans land'. Even the moneysupermarket.com soft hit credit card matcher says im not matched to anything. Creditexperts credit matching service says there is nothing out there for me either, be it mortgages or loands or cards.
Im pretty stumped about this. Ive worked hard to be good with credit for many years and dont see why im still listed as 'low' scores and 'high' risk. Does anyone know why this may be or can anyone offer insight into why my profile is crap even though ive managed credit well?
I was hoping someone may have some insight into why my scores are so low. I have been declined for credit in the last 6 months and cant fathom why. We were declined for a mortgage with a 15% deposit and a very good income/expenditure profile (affordability). Household income is quite high and outgoings are about 25% of this. Ive also applied for a credit card and was declined for that.
When pulling my reports from the three agencies, callcredit list my score as 'low' (2/5 on noddle), experian list me as 'fair' (764 - creditexpert) and equifax (direct) is 'fair' too (though i dont recall the score from equifax, it was middle of the road in the scale). Im just confused as to why I get declined when my history has nothign negative in it.
Revolving credit: 4 accounts open. All balances are below 50% of available credit. Oldest account is 2.5 years, youngest is 1.5 years. All accounts have perfect payment history.
Others: Bank account with overdraft. 4+ years. Additional bank with overdraft (3+ years). Mobile phone 3+ years. All with no black marks and perfect payment history, overdraft has never been used.
No defaults. No CCJs. Only two 'hard' hits in the last 6 months (the mortgage and the credit card I was declined for). Everything else is soft hits.
On Electoral roll since 2010 at current address. Lived at current address for 4 years.
Even with all this, im stuck in some kind of credit 'no mans land'. Even the moneysupermarket.com soft hit credit card matcher says im not matched to anything. Creditexperts credit matching service says there is nothing out there for me either, be it mortgages or loands or cards.
Im pretty stumped about this. Ive worked hard to be good with credit for many years and dont see why im still listed as 'low' scores and 'high' risk. Does anyone know why this may be or can anyone offer insight into why my profile is crap even though ive managed credit well?
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