What is a good credit score?
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I was told by my bank that my credit is not that good. What does this mean? Is there a standard for what is considered good?
sixtieschick
1 year ago
Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
it can mean that you simply dont fall into their definition of "good" which is very subjective its like asking everyone to define "beauty" and expecting the same answer!
you might find that another institution will be more than happy to accept your custom but just in case there is a problem you should check your credit file. www.creditexpert.co.uk will give free online access to new users for 30 days and you can check for any inaccuracies and remedy them before its too late.
dont be tempted to pay to know your score as this is a worthless exercise. all lenders use their own score card and you cant compare one lender with another or even one product with another from the same lender (ie you could be declined a loan but accepted on a credit card from the same bank).
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you might find that another institution will be more than happy to accept your custom but just in case there is a problem you should check your credit file. www.creditexpert.co.uk will give free online access to new users for 30 days and you can check for any inaccuracies and remedy them before its too late.
dont be tempted to pay to know your score as this is a worthless exercise. all lenders use their own score card and you cant compare one lender with another or even one product with another from the same lender (ie you could be declined a loan but accepted on a credit card from the same bank).
