Author Topic: Low Credit Score  (Read 6852 times)

Nerak

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  • Posts: 1
Low Credit Score
« on: Jul 07, 2016, 04:17:48 PM »
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

  • Jr. Member
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  • Posts: 14
Re: Low Credit Score
« Reply #1 on: Jul 07, 2016, 06:14:15 PM »
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.