Topic: Low Credit Score

[Nerak]

I am so frustrated. I have no missed or late payments,  or anything like that but I do have a high debt ratio credit cards and as such my credit score is 382. I have tried getting a consolidation loan but no luck and now I need a new car, again no luck so stuck what to do now. Has anyone else had a similar problem? My salary is good and I always pay ontime but seem like I cant get any further, Im stuck in a payment cycle, any suggestions please?

[Markssxx]

Creditors look at a number of things when considering credit applications. It could be the high level of debt you already have on your cards even though you pay on time. Other things that can go against you could be too many credit applications in a short space of time raises concerns too with them. Have you checked your score on all 3 CRA sites to compare? NODDLE offer a free service check them out its free! Check you are on electoral roll too. Hope this helps.

[justindrew]

When you swipe a credit card or get rid of a loan to create an acquisition, you most likely don’t think about the expertise as a check of your personal integrity or responsibility.
Getting approved for a loan counts as a conclusion. However, if your loan comes with an associate unfavorable rate of interest or restrictive terms, it may shortly want a hollow one.