Can Anyone Help With a Credit Reference Issue??

[anonymous-user]

I was just about to get a new phone contract with Vodafone which has been declined. Apparently I have to write to their credit assessment dept to find out why but was wondering if anyone on here knows of a quick way to find out what's going on.

I have great credit refs, no outstanding debt etc etc etc so am totally mystified as to why I would be declined

Thanks, Gary

[dmitsi]

www.creditexpert.co.uk

Free month trial, and it'll show the bad stuff, you might have to pay a fiver for the actual score though. May not be much use if you don't know what you're looking for though.

Defualted payments are usually the cause of a low score.

[Yugguy]

go to experian or equifax websites, you can for a small charge get your credit reports. It may well be incorrect, mine was once, but you can mark an item as disputed and if you have evidence get it removed if it is incorrect.

[mybrainhurts]

Can be something not relevant to yourself, such as a prvious occupier of your address.

Very inefficient system.....

[seano]

Some key things to look for in your credit history which may adversely affect your rating with a lender:

1. Obvious derogatory things like CCJs, defaults, bankruptcy. Typically most lenders will not take you on if you have any history of these - dependent on how long ago and value. Worth checking your credit history with Experian or Equifax in case a long forgotten unpaid utility bill at another address is affecting your credit rating.
2. Payment history - have you regularly missed any payments on credit facilities? How recently? Have you ever misseed more than one in succession?
3. Credit-hungry behaviour. Even though you may not miss payments, do you have a lot of unsecured lending? Overindebtedness is a big thing in the industry at the moment. Have you made many enquiries for credit recently? Also used by lenders as an indicator of risk, although less so nowadays given the amount of different organisations offering credit.
4. Are you registered on the electoral roll where you live? This is often one of the key factors in lending.
5. Do you have any financial associations with anyone who may have a poor credit rating - for example do you share a bank account with somone else? Do you live with anyone with the same surname with a poor credit history? It shouldn't be the case that a previous occupant at your address wil affect your rating - this used to be the case but is no longer accepted.

Your rating will usually be a combination of all of this, plus some general demographic stuff - although a phone supplier may not ask for as much of this as say a bank when assessing a loan application. If for example, you have just moved address, just changed employer, are single, rent a property, have a lower than average income etc. - all are signs of reduced likelihood of repaying the credit.

[anonymous-user]

Just got my online rating with Equifax which is great. All finance ones are excellent BUT becasue I have only been at current address for 5 months the electoral score is only fair... although was at last address for 6 years. Can't believe it will be that though!!

Unfortunately I have to wait for Experian to send me a PIN to use their online service which is a bit of a bugger so will see if it's them!!!

So frustrating...AHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!

[minimax]

garyhun said:

Just got my online rating with Equifax which is great. All finance ones are excellent BUT becasue I have only been at current address for 5 months the electoral score is only fair... although was at last address for 6 years. Can't believe it will be that though!! Unfortunately I have to wait for Experian to send me a PIN to use their online service which is a bit of a bugger so will see if it's them!!! So frustrating...AHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!

I can do a credit search (as opposed to a credit score) which will show up everything bad or good about your record, and any record of things that would affect you if you like, email me if you would like me to do it

[anonymous-user]

minimax said:

garyhun said: Just got my online rating with Equifax which is great. All finance ones are excellent BUT becasue I have only been at current address for 5 months the electoral score is only fair... although was at last address for 6 years. Can't believe it will be that though!! Unfortunately I have to wait for Experian to send me a PIN to use their online service which is a bit of a bugger so will see if it's them!!! So frustrating...AHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!! I can do a credit search (as opposed to a credit score) which will show up everything bad or good about your record, and any record of things that would affect you if you like, email me if you would like me to do it

Thanks minimax. YHM!!!!

[james p]

minimax said:

garyhun said: Just got my online rating with Equifax which is great. All finance ones are excellent BUT becasue I have only been at current address for 5 months the electoral score is only fair... although was at last address for 6 years. Can't believe it will be that though!! Unfortunately I have to wait for Experian to send me a PIN to use their online service which is a bit of a bugger so will see if it's them!!! So frustrating...AHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!! I can do a credit search (as opposed to a credit score) which will show up everything bad or good about your record, and any record of things that would affect you if you like, email me if you would like me to do it

Just a thought but don't credit searches show when the next search is made? I seem to recall that too many searches will cut the credit score as well.

[minimax]

james p said:

minimax said: garyhun said: Just got my online rating with Equifax which is great. All finance ones are excellent BUT becasue I have only been at current address for 5 months the electoral score is only fair... although was at last address for 6 years. Can't believe it will be that though!! Unfortunately I have to wait for Experian to send me a PIN to use their online service which is a bit of a bugger so will see if it's them!!! So frustrating...AHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!! I can do a credit search (as opposed to a credit score) which will show up everything bad or good about your record, and any record of things that would affect you if you like, email me if you would like me to do it Just a thought but don't credit searches show when the next search is made? I seem to recall that too many searches will cut the credit score as well.

too many credit scores will reduce or even impair your credit rating but credit searches leave no footprint as they are not assessing your points score for credit, merely having a look to see if there's any bad credit

[humpbackmaniac]

I've just done this and paid for the full monty as i am going through some work credit appications, and its nice to know where you stand, my name is linked to my deceased fathers girlfriends address!!!! And was linked two years after his death! WTF?
But i am 990 out of 1000.


Platinum me mate well cushty no worries guvnor lend to me? wooo little bit woh little bit wahaay!

[james p]

minimax said:

james p said: minimax said: garyhun said: Just got my online rating with Equifax which is great. All finance ones are excellent BUT becasue I have only been at current address for 5 months the electoral score is only fair... although was at last address for 6 years. Can't believe it will be that though!! Unfortunately I have to wait for Experian to send me a PIN to use their online service which is a bit of a bugger so will see if it's them!!! So frustrating...AHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!! I can do a credit search (as opposed to a credit score) which will show up everything bad or good about your record, and any record of things that would affect you if you like, email me if you would like me to do it Just a thought but don't credit searches show when the next search is made? I seem to recall that too many searches will cut the credit score as well. too many credit scores will reduce or even impair your credit rating but credit searches leave no footprint as they are not assessing your points score for credit, merely having a look to see if there's any bad credit

Thanks, wasn't sure

[turbobloke]

humpbackmaniac said:

I've just done this and paid for the full monty as i am going through some work credit appications, and its nice to know where you stand, my name is linked to my deceased fathers girlfriends address!!!! And was linked two years after his death! WTF?

Recently did a similar rating enquiry and while the result was as expected, it was weird to see I'm 'linked' to my ex and her address. You'd think that financial instruments with such minute detail in other respects would get these fairly big things sorted better.

[minimax]

turbobloke said:

humpbackmaniac said: I've just done this and paid for the full monty as i am going through some work credit appications, and its nice to know where you stand, my name is linked to my deceased fathers girlfriends address!!!! And was linked two years after his death! WTF? Recently did a similar rating enquiry and while the result was as expected, it was weird to see I'm 'linked' to my ex and her address. You'd think that financial instruments with such minute detail in other respects would get these fairly big things sorted better.

couples deemed to have been 'in a relationship' are inextricably linked as far as credit searches/scores are concerned unfortunately

if you have any concerns about this a letter to the credit reference agencies from you can be added as an addendum to your credit file. only problem with this is that it means that for a while when you apply for credit it'll often be referred to the underwriter...of course there are benefits to this as your credit record will be assessed by an actual person