credit score, whatever the **** they are called. anyone tried them, are all you to wealthy to care? wtf is credit score ffs,
Only means anything if you want to borrow money/ get things on the never never, other than that it's pointless.
Just tells yer if you are good for credit. You build up a credit score soon as you start work, and start having things such as bank cards, loans, car leasing, mortgages all that type of stuff. However, you also shouldn't play with your credit score and keeping doing it. I'm not sure if it's still the same these days, but the more you credit score yourself, the score can go lower each time....basically it recognises you are trying to navigate the system - so you should always be aware when someone is trying to credit score you. I believe a data base somewhere will hold a record of people that credit score you, even backed out of attempts. Someone else may know more about this than me these days. Recognised companies for credit scoring are Equifax and Experian...hope I've spelt them right. So for example, rough guess, your score out of 100 if it goes below a certain defined threshold, you will be declined credit, until you build it up again. CCJ's and all that sort of stuff go against you, plus length of time at properties over a specified period ie 5 years <<< not exact, just assumption of period.
Questions i would guess you need to ask yourself; 1. How long you been at your property, be careful because sometimes, previous occupants can fook the address up. 2. Have you got any CCJ's against you 3. Have you got current loans etc 4. Has your credit been good over X amount of time 5. Are you employed - YES Basically can you prove you are good for credit.
Yep, that's why high rate interest credit cards advertise that your application will not affect your credit score
Yup. If you want a loan and you want less than 10k....check out places like M&S normally around 3% ish over 5 years.
Oddly enough if you live on credit cards but always pay the minimum every month or bank loans but never miss a repayment you will have a decent credit score. If you live within your means and pay up front for everything your credit score will be ****. They just like to know you pay your debts on time.
Yup....imagine being an 18 or 21 year old, whatever it is these days....you can't have credit because you've never had credit, so have no credit score, brilliant that one
how times have changed, ****ing credit scores... used to have loads, play one against the other, pay them off, bump up ya credit, but they got smart now, ****s.
I googled it for you and got this... After seven years, most negative items will simply fall off your credit report. ... You still owe your creditor even when the debt is no longer listed on your credit report. Creditors, lenders, and debt collectors can still use the proper legal channels to collect the debt from you.
If you own your own property you can secure it against that, but something tells me you rent, so that fooks that idea up.
Own your own property means different things to different people, some say no because they rent, others say yes regardless of the 30/50 or £100K outstanding on the mortgage
