Posts Tagged ‘credit scoring’

All Major Credit Cards Want Your Business

Tuesday, August 3rd, 2010

It’s a fact folks, all major credit cards want your money and they want your business.  Now that might not sound like a very revelatory statement, but it’s surprising how many people don’t apply for a credit card because they don’t think they’ll get one… (more…)

Good credit card offers for those with the money to back them.

Sunday, June 6th, 2010

Just a couple of days ago i wrote a post about bad credit card offers and how they can help you if you have a poor credit score.  This time i’m going to tell you what a good credit score can get you these days; this way you’ll get to see how people live on both sides of the fence… (more…)

How can you score well for Credit?

Friday, February 26th, 2010

Following my earlier posts about getting credit scored, here are a few things you can do to improve your score with various lenders.  And again, don’t worry if you don’t succeed with the first one, try another lender that suits your requirements… (more…)

How are you scored?

Tuesday, February 23rd, 2010

To begin with, there isn’t such thing as a universal credit rating, and you will not be turned down based on this simply because it doesn’t exist!  There is another post on this information if you want to read it… (more…)

Turned down for credit?

Friday, February 19th, 2010

If you’ve been turned down for credit and you think yourself financially secure enough to obtain it, don’t panic, it isn’t always you, and you certainly don’t have a bad credit rating and you haven’t been black listed; this is because these two things don’t exist…

You can read a little more about the credit rating myth in a previous post on this blog, but for the meantime let us consider why you may have been turned down when you are perfectly capable of repaying your loan or credit card.

Have you ever heard a member of the opposite sex say, “it’s not you it’s me”?  Well if you’ve heard that before then you’ll know just how frustrating it is.  However, you’ll also know that it doesn’t matter what you do, or how good you are at this or that, you are not going to change their mind!

This is how it can be with lenders.  Put quite simply, you may not be the customer they want.  Why?  Well you have to consider that lenders are not benevolent organisations, and they are not here to make our life easier.  They are here to make money, and they want people to borrow money and obtain credit who are not entirely able to pay it off very quickly.  That might sound really daft, but it’s true.  If you are the perfect customer (in your mind) who will pay off their loan and / or credit card promptly then you are unlikely to make the lender a lot of money are you?  You will not pay much in interest; thus they will not be interested in you.

Just look for another lender.

No such thing as a Credit Rating?

Wednesday, February 17th, 2010

Is this true?  Well there isn’t such a thing as a universal credit rating no, but there is, as with anything else, a level on which you are compared when it comes to obtaining credit, loans, mortgages etc.  This should explain a little more… (more…)

You need a credit card

Friday, January 8th, 2010

The truth of the matter is that you do indeed need a credit card to exist in this society.  I know it sounds a little sad and over dramatic, but you are quite literally nothing unless you have a credit rating either from a credit card, a loan, or a mortgage… (more…)

Credit to Survive

Friday, December 11th, 2009

Here’s a common enough story, and one i also hope none of you reading this will encounter.  I remember a chap i went to university with who had a few credit problems.  He used to have quite a tedious job in a factory or something like that but decided to better himself by going to university… (more…)

Why Bad Credit?

Tuesday, December 8th, 2009

There are many reasons for having a bad credit rating, and not all of them are your fault.  Sounds odd doesn’t it, but it’s true.  I had a bad credit rating many, many years ago just because i signed on the dotted line for someone else who had bad credit.  Suffice to say they didn’t keep up the payments on their sofa, or whatever it was, and i was landed the bill; and surprise surprise, i couldn’t pay it… (more…)

Credit companies get choosy

Tuesday, December 1st, 2009

If you haven’t got a good credit score these days then you’re unlikely to get a credit card; well you’re unlikely to get a good credit card anyway!  There are so many out there prepared to rip you off, yet they want to know everything about you, and charge you a small fortune for the pleasure of holding one of their credit cards it seems so unfair… (more…)