So they want me to borrow more to make the score higher?? Has the world gone mad, or is it me?
Steve
PS Just checked with my wife. It's definitely me.
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terminal7 wrote:Just block their domain.
T7
stevensfo wrote:Re. settling debts, I use a credit card occasionally, keep well within the limit and pay it off asap. I use it simply to keep it from becoming dormant and to benefit from the credit card protection when appropriate.
Steve
stevensfo wrote:terminal7 wrote:Just block their domain.
T7
Well, I've unsubscribed from receiving emails, so we'll see if it works. My junk email folder gets bigger every month!
Re. settling debts, I use a credit card occasionally, keep well within the limit and pay it off asap. I use it simply to keep it from becoming dormant and to benefit from the credit card protection when appropriate.
Steve
Urbandreamer wrote:stevensfo wrote:Re. settling debts, I use a credit card occasionally, keep well within the limit and pay it off asap. I use it simply to keep it from becoming dormant and to benefit from the credit card protection when appropriate.
Steve
I borrow and repay 10's of £1k a year. But then petrol and supermarket bills are all "paid" by credit card. The debt being repaid before interest is due by direct debit.
Also, like many, I borrowed the money to buy a house. I didn't manage to repay that debt by the end of the month, unlike my credit card bill.
Debt can be incredibly useful. Avoiding it without thinking is as poor an idea as avoiding anything else, without thinking.
stevensfo wrote:Anyone know what these people are here for? I subscribed a few years ago as I was interested in learning more about this credit score thingy. However, I receive a constant barrage of emails inviting to check out ways of borrowing, new credit cards etc. They seem to want me to get into debt in order 'to improve my credit score'. After a few scary experiences in my early 20s, I have always tried hard to stay out of debt, and I regard this achievement as the reason why I have an excellent score.
So they want me to borrow more to make the score higher?? Has the world gone mad, or is it me?
stevensfo wrote:Anyone know what these people are here for? I subscribed a few years ago as I was interested in learning more about this credit score thingy.
mc2fool wrote:stevensfo wrote:Anyone know what these people are here for? I subscribed a few years ago as I was interested in learning more about this credit score thingy.
There are three major credit ratings agencies in the UK, Experian, Equifax and TransUnion, and they are obliged to let you see their credit report (not just score) for you, but they aren't obliged to do so for free.
However, there are some services that will let you access credit reports for free, but at the "cost" of you putting up with them trying to flog you third party products. The two main ones are Credit Karma, which lets you access the TransUnion data on you, and ClearScore which does so for the Equifax data.
Both are themselves credit brokers and, as it says at the bottom of each of their website, they'll get a commission if you take out a product through them.
Both let you choose what emails you get from them, so check out the settings for your account, and learn to ignore the advertising on their websites ...
chas49 wrote:mc2fool wrote:There are three major credit ratings agencies in the UK, Experian, Equifax and TransUnion, and they are obliged to let you see their credit report (not just score) for you, but they aren't obliged to do so for free.
However, there are some services that will let you access credit reports for free, but at the "cost" of you putting up with them trying to flog you third party products. The two main ones are Credit Karma, which lets you access the TransUnion data on you, and ClearScore which does so for the Equifax data.
Both are themselves credit brokers and, as it says at the bottom of each of their website, they'll get a commission if you take out a product through them.
Both let you choose what emails you get from them, so check out the settings for your account, and learn to ignore the advertising on their websites ...
If you want to access your credit report for free without selling your soul(!) to Credit Karma or Clearscore, you can sign up to the MoneysavingExpert Credit Club. This used to give you free access to Experian but that's just ending, and from January (I think) it will be Transunion. They don't try and sell you anything (at least they haven't so far)
mc2fool wrote:There are three major credit ratings agencies in the UK, Experian, Equifax and TransUnion, and they are obliged to let you see their credit report (not just score) for you, but they aren't obliged to do so for free.
BBLSP1 wrote:mc2fool wrote:There are three major credit ratings agencies in the UK, Experian, Equifax and TransUnion, and they are obliged to let you see their credit report (not just score) for you, but they aren't obliged to do so for free.
How are they able to access your financial information to allocate a credit score? I thought that such information was protected data?
mc2fool wrote:Yeah but Experian has problems when your address according to the electoral roll doesn't exactly match the one you've supplied, and the MoneysavingExpert Credit Club (when I tried it at least), didn't let you enter your address but rather forced you to just select from a list generated from your postcode, so it doesn't want to ID me. (Equifax and TransUnion have no problem with the word "Flat" being/not being at the front of my address)
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