Most places you have to pay to find out what your credit score is, although you can get free trials and then cancel as soon as you seen the report thus you don't have to pay.
Alternatively there is a free credit check report you can view anytime you like, it's called https://www.noddle.co.uk/
They fairly new and it seems legit and works fine for me anyway.
Various companies like Experian/ Equifax etc hold information on your credit history. This includes electorial roll, payment history of credit agreements, known associations (such as family, wife/husband, flatmate etc) and default information. All that happens when you apply for credit is basically this file is passed to the lender electronically then the data goes into their system and the computer makes a decision based on the lenders lending critieria. No one has a credit score as such as it varies from depending on who you want to borrow money from. For example if you wanted a credit card but had a shady credit history and applied to American Express...you would be refused immediately yet if you applied to Vanquis for example you would probably be accepted albeit at a higher interest rate. Rule of thumb is the better shape your credit file is in the better rates on interest you will receive.
Hope this makes sense
leggy1975 wrote:
I work in Credit Management and there is no such thing as a credit score....its all a myth.
Various companies like Experian/ Equifax etc hold information on your credit history. This includes electorial roll, payment history of credit agreements, known associations (such as family, wife/husband, flatmate etc) and default information. All that happens when you apply for credit is basically this file is passed to the lender electronically then the data goes into their system and the computer makes a decision based on the lenders lending critieria. No one has a credit score as such as it varies from depending on who you want to borrow money from. For example if you wanted a credit card but had a shady credit history and applied to American Express...you would be refused immediately yet if you applied to Vanquis for example you would probably be accepted albeit at a higher interest rate. Rule of thumb is the better shape your credit file is in the better rates on interest you will receive.
Hope this makes sense
it does make sense but like you said its all about your history with finance thats on record but that in itself IS the credit score isnt it?
leggy1975 wrote:
I work in Credit Management and there is no such thing as a credit score....its all a myth.
Various companies like Experian/ Equifax etc hold information on your credit history. This includes electorial roll, payment history of credit agreements, known associations (such as family, wife/husband, flatmate etc) and default information. All that happens when you apply for credit is basically this file is passed to the lender electronically then the data goes into their system and the computer makes a decision based on the lenders lending critieria. No one has a credit score as such as it varies from depending on who you want to borrow money from. For example if you wanted a credit card but had a shady credit history and applied to American Express...you would be refused immediately yet if you applied to Vanquis for example you would probably be accepted albeit at a higher interest rate. Rule of thumb is the better shape your credit file is in the better rates on interest you will receive.
Hope this makes sense
Leggy making an informative post!?
*faints*
seany_boy2k8 wrote:
leggy1975 wrote:
I work in Credit Management and there is no such thing as a credit score....its all a myth.
Various companies like Experian/ Equifax etc hold information on your credit history. This includes electorial roll, payment history of credit agreements, known associations (such as family, wife/husband, flatmate etc) and default information. All that happens when you apply for credit is basically this file is passed to the lender electronically then the data goes into their system and the computer makes a decision based on the lenders lending critieria. No one has a credit score as such as it varies from depending on who you want to borrow money from. For example if you wanted a credit card but had a shady credit history and applied to American Express...you would be refused immediately yet if you applied to Vanquis for example you would probably be accepted albeit at a higher interest rate. Rule of thumb is the better shape your credit file is in the better rates on interest you will receive.
Hope this makes sense
it does make sense but like you said its all about your history with finance thats on record but that in itself IS the credit score isnt it?
uurrrm yes and no.
Like i said you might be the worst debtor in history taking out loan after loan and not paying anything back but that wouldnt stop say Capital One for example lending you money. Their scoring criteria might be as simplistic as for example if you are on Electorial Roll...thats one point...if you own your own home thats one point and they might have a acceptance level of say 2 points therefore if you fulful both of the above you are accepted. On the other hand for example trying to get a card with Barclaycard they might award you one point for each of the above and knock off 1 point for any defaults etc and maybe have an acceptance level of say 10 points so unless you fulfill both these points and have a 8 "other" aspects such as a 8 other loans all paid back and on time they will refuse you even if you score 9.
This ^^ is a very very simplistic method view of this and it is way more complicated in real life as companies such as Standard and Poors build whole credit modelling systems for these businesses based on whether they want to be leniet or strict. But as such there is no one credit score anyone has just a history which depending on who you apply for credit for with will be viewed vastly differently. Its all about risk assessment and this is why companies like Cap One will charge you more in interest as they are covering their backs and why it is more difficult to obtain loans at lower rates if you have had problems in the past as the companies are trying to protect themselves
God my jobs boring lol 
leggy1975 wrote:
seany_boy2k8 wrote:
leggy1975 wrote:
I work in Credit Management and there is no such thing as a credit score....its all a myth.
Various companies like Experian/ Equifax etc hold information on your credit history. This includes electorial roll, payment history of credit agreements, known associations (such as family, wife/husband, flatmate etc) and default information. All that happens when you apply for credit is basically this file is passed to the lender electronically then the data goes into their system and the computer makes a decision based on the lenders lending critieria. No one has a credit score as such as it varies from depending on who you want to borrow money from. For example if you wanted a credit card but had a shady credit history and applied to American Express...you would be refused immediately yet if you applied to Vanquis for example you would probably be accepted albeit at a higher interest rate. Rule of thumb is the better shape your credit file is in the better rates on interest you will receive.
Hope this makes sense
it does make sense but like you said its all about your history with finance thats on record but that in itself IS the credit score isnt it?
uurrrm yes and no.
Like i said you might be the worst debtor in history taking out loan after loan and not paying anything back but that wouldnt stop say Capital One for example lending you money. Their scoring criteria might be as simplistic as for example if you are on Electorial Roll...thats one point...if you own your own home thats one point and they might have a acceptance level of say 2 points therefore if you fulful both of the above you are accepted. On the other hand for example trying to get a card with Barclaycard they might award you one point for each of the above and knock off 1 point for any defaults etc and maybe have an acceptance level of say 10 points so unless you fulfill both these points and have a 8 "other" aspects such as a 8 other loans all paid back and on time they will refuse you even if you score 9.
This ^^ is a very very simplistic method view of this and it is way more complicated in real life as companies such as Standard and Poors build whole credit modelling systems for these businesses based on whether they want to be leniet or strict. But as such there is no one credit score anyone has just a history which depending on who you apply for credit for with will be viewed vastly differently. Its all about risk assessment and this is why companies like Cap One will charge you more in interest as they are covering their backs and why it is more difficult to obtain loans at lower rates if you have had problems in the past as the companies are trying to protect themselves
God my jobs boring lol
Is it true this "sort of score" takes a hit if you enquire what your "score" is?
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