Credit check

[spence]

Get yourself an online bank account,pay in minimal amounts,always stay in credit,give it 12 months and then borrow at a sensible rate...

Or in answer to your question......try Noodle.

Just signed up for Noddle. What an excellent site and it's free. Found out all the information i needed about my shit credit history.

 

[Deanbha]

Just signed up for Noddle. What an excellent site and it's free. Found out all the information i needed about my shit credit history.

I just did the same. Was quite interesting looking at all my details.

 

[Garage_Doors]

What does Noodle tell you?
When you borrowed and how much?

 

[Super Steve Earle]

Cash for a house!?

There is an old lady who has a credit card, who goes into a shop, writes down the price of what she wants to buy. She then puts the money from her bank account to her credit card to put it into 'credit' for the exact amount and then uses the card to buy it.

Well that's a complete waste of time isn't it.

 

[Cian]

Well that's a complete waste of time isn't it.

Not if you feel that you need the specific extra consumer protections provided by paying by credit card that don't exist with cash (or debit cards either in the UK, I think?)

 

[Jim Van Winkle]

The only answer is not to have a credit card....never had one,don't want one,if I want to buy something,I save for it.

Very old school and I admire it. Although, having credit seems to be a necessity these day to make life's larger purchases e.g property.

 

[spence]

What does Noodle tell you?
When you borrowed and how much?

Gives you your score and how it can effect getting loans,bank accounts etc.

Tells you if you have CCJ's defaults,bankruptcy etc

Shows you searches ie made by car insurance companies,credit card companies etc.

Gives you exact dates. Useful site i must say especially if you wondered why you keep getting turned down for things

 

[Jim Van Winkle]

Well that's a complete waste of time isn't it.

Smart old lady.
1: she is insured for the purchase
2: if she has anything about her hopefully she is in a rewards scheme getting at least 3% - 5% on her purchase. Money she was already going to spend anyway.
3: hopefully she is utilizing under 30% of her total Lines of Credit this actually increases your score in the States carrying a little bit of debt is good. Strange I know.

 

[Super Steve Earle]

Not if you feel that you need the specific extra consumer protections provided by paying by credit card that don't exist with cash (or debit cards either in the UK, I think?)

Did you know that you lose the extra consumer protection if you put the credit card account in credit first? Because by paying in first, you are just spending your own money and not taking the credit that gives you protection. Little known, but true.

 

[Hampster Gull]

Gives you your score and how it can effect getting loans,bank accounts etc.

Tells you if you have CCJ's defaults,bankruptcy etc

Shows you searches ie made by car insurance companies,credit card companies etc.

Gives you exact dates. Useful site i must say especially if you wondered why you keep getting turned down for things

How much does it cost? I used experian but you en up on a monthyl DD at loads of money, i think £15 or more perhaps

 

[spence]

How much does it cost? I used experian but you en up on a monthyl DD at loads of money, i think £15 or more perhaps

It's completely free. Your report is updated once a month. Not as quick as Experian but then it is free and totally unlimited. You can access it whenever you want. I really like it. They do bolt ons which cost money and you don't need them The free version is perfect for keeping an eye on things.
I wanted to know why i couldn't get credit cards and now know why.

 

[Cian]

Did you know that you lose the extra consumer protection if you put the credit card account in credit first? Because by paying in first, you are just spending your own money and not taking the credit that gives you protection. Little known, but true.

I'm not 100% au fait with UK law so no although it makes sense if its credit protection specifically. Thankfully doesn't apply to me (different consumer protections, which do apply to debit cards too), but it could be avoided by buying and then paying off immediately, before any interest calculation date.

 

[The Brighton Bear]

Just signed up for Noddle. What an excellent site and it's free. Found out all the information i needed about my shit credit history.

Thanks for that, I have just signed up!

 

[Super Steve Earle]

They say they don't give the information to lenders. So, if you apply for Lloyds car insurance or first direct/churchill (RBS owned) all of this insurance information IS accessible AND used.
I recall the unquestionable Experian classing all offset mortgage holders as fraudsters as they classed their hundreds of thousands of debt as unsecured loans....until I pointed this out

Churchill is part of Direct Line, divested by RBS in February last year, so no longer RBS owned.

 

[samtheseagull]

Just checked my Noddle report, and while its interesting looking at all my payments ect i only have a score of 4/5. my up to date payments couldn’t be any better if i tried.

 

[desprateseagull]

Interesting.. some searches made by firms I never even heard of!