FabSwingers.com forum: Your Credit Rating........

By *ranny-Crumpet OP Woman
over a year ago

The Town by The Cross

Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

People worry about their credit rating.... why ? There is NO ONE on this planet that is not going to take my money, give me a job, shag me or let me breath air because of some kind of fictional fucking figure.

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By (user no longer on site)
over a year ago

Not in the slightest bit interested

Unless a good credit rating becomes a filter

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By (user no longer on site)
over a year ago

Just another metric they came up with for mortgages and loan's.

It's a bit wank, but it's now part of the game. Short of being a total knob it should take care of itself cause no issues.

Talking about it though, a lot, so much so you have to vent here, he sounds a tad dull love

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By *ranny-Crumpet OP Woman
over a year ago

The Town by The Cross

"Just another metric they came up with for mortgages and loan's.

It's a bit wank, but it's now part of the game. Short of being a total knob it should take care of itself cause no issues.

Talking about it though, a lot, so much so you have to vent here, he sounds a tad dull love

Not dull enough to call me 'love'

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By (user no longer on site)
over a year ago

very true.

I want a ferrari...I can't afford it.

Checks credit rating...Still can't afford it.

I want a ferrari...I can afford it.

Checks credit rating...I can afford it.

It's more pointless than checking into your local hospital on Facebook, to see how many likes you get as an indication of how many people care if you're about to die

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By *ranny-Crumpet OP Woman
over a year ago

The Town by The Cross

very true.

I want a ferrari...I can't afford it.

Checks credit rating...Still can't afford it.

I want a ferrari...I can afford it.

Checks credit rating...I can afford it.

It's more pointless than checking into your local hospital on Facebook, to see how many likes you get as an indication of how many people care if you're about to die

What a good idea though ......

Aunt Fanny is about to croak .....

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By (user no longer on site)
over a year ago

I had a good credit rating, things went tits up and i got into debt so now i have a shit one.

I managed to pay it all off and now i don't have a credit card i find i'm much happier. I really couldn't give a fuck, what does it all mean anyway, is it really something to be proud of?

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By *ranny-Crumpet OP Woman
over a year ago

The Town by The Cross

"I had a good credit rating, things went tits up and i got into debt so now i have a shit one.

I managed to pay it all off and now i don't have a credit card i find i'm much happier. I really couldn't give a fuck, what does it all mean anyway, is it really something to be proud of?"

Not according to St. Gran but then neither is all my unbridled wealth.

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By (user no longer on site)
over a year ago

"Just another metric they came up with for mortgages and loan's.

It's a bit wank, but it's now part of the game. Short of being a total knob it should take care of itself cause no issues.

Talking about it though, a lot, so much so you have to vent here, he sounds a tad dull love

Not dull enough to call me 'love'"

Alright babe, hunny bun, sweetie, puddin, sugar tits... calm down.

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By *tephTV67TV/TS
over a year ago

Cheshire

Some employers require a good credit history, certainly mine does. It’s actually in my contract of employment so if I go bankrupt or on an IVA I have to inform them.

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By (user no longer on site)
over a year ago

I would only be interested in it if I needed credit of some description.

Most likely when I need a new car if mine is put out of action. However after having it for 11 years I'd probably go buy a cheap run around and do my best not to get credit anyway.

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By (user no longer on site)
over a year ago

Nah, I don’t need a credit score/rating to tell me what I already know………that I’m fucking skint.

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By *ranny-Crumpet OP Woman
over a year ago

The Town by The Cross

"Some employers require a good credit history, certainly mine does. It’s actually in my contract of employment so if I go bankrupt or on an IVA I have to inform them.

Well I never knew that. Thanks Steph.

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By *ryandseeMan
over a year ago

Yorkshire

"Some employers require a good credit history, certainly mine does. It’s actually in my contract of employment so if I go bankrupt or on an IVA I have to inform them.

Well I never knew that. Thanks Steph."

Yes often law and finance as well as some other firms, particularly if you are going to be dealing with money, often do credit checks on potential employees

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

Matters if you want a mortgage or tenancy , loan or any type of credit agreement - like a mobile phone contract.

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By (user no longer on site)
over a year ago

Mine just says try harder I think alot more people,s are going to say this with inflation

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By (user no longer on site)
over a year ago

If only it was actually based on your finances and include tons of other shit. It's basically an excuse for finance companies to charge you additional interest

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By *ister CMan
over a year ago

liverpool

"Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

The more you learn about it and understand it... its quite horrifically controlled and can dramatically damage your ability to basically access normal financial products.

Its a statical tool that essentially tells businesses who can be manipulated by people like 'aqua' or 'amigo'...

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By *ohn KanakaMan
over a year ago

Not all that North of North London

Mines fucked, which given what's coming with the economy basically means I'm ahead of the game

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By *agerMorganMan
over a year ago

Canvey Island

I’ve only checked mine as I’m about to apply for a Mortgage, and they’re proper shitters when it comes to that.

Other than that, left it to its own devices.

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By *ranny-Crumpet OP Woman
over a year ago

The Town by The Cross

"Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

Matters if you want a mortgage or tenancy , loan or any type of credit agreement - like a mobile phone contract. "

No one has ever asked or checked me out to my knowledge.

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By *ranny-Crumpet OP Woman
over a year ago

The Town by The Cross

"Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

The more you learn about it and understand it... its quite horrifically controlled and can dramatically damage your ability to basically access normal financial products.

Its a statical tool that essentially tells businesses who can be manipulated by people like 'aqua' or 'amigo'... "

I know what it is. It's artificial. It's a question of the more you know the more you fall foul of it. It's uneccessary

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

The more you learn about it and understand it... its quite horrifically controlled and can dramatically damage your ability to basically access normal financial products.

Its a statical tool that essentially tells businesses who can be manipulated by people like 'aqua' or 'amigo'... "

Well you got me started now

actually credit rating is a made up thing, for people who don’t understand finance and are gullible to pay for them , no one actually uses it to make decisions, each lender has their own secret criteria and some use underwriters they don’t use made up scores from the big 3.

The credit rating is a rough indicator that your credit file has issues or not though, but without your full credit file it’s useless to you

Anyone can request thier statutory credit file it used to cost £1 but is now free , the law was changed so you can get a copy every month at no cost

It contains amongst other things;

Electrical register entry - very important.

Address associations with people - somewhat important if they have defaults.

Records of your late payments and defaults on credit agreements only - going back 60 months or in some cases 84 months - can be important if you have too many entries.

Records of credit searches done - can be important if too many exist.

Credit limits of current credit agreements and amount used. Useful to determine affordability

Other things that are not that important

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By *erry bull1Man
over a year ago

doncaster

Doesn’t bother me at all , I know if I have got £30 and spend £10 . I will still have £20 and don’t need a app to tell me this

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By (user no longer on site)
over a year ago

"Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

To get loans, credit cards and even a mortgage with lower payback rates a high credit score is essential. My credit score is shite but I actually do want to improve it, I think it is going to play a more important part for everyone's life from now onwards, that being said cash is always king.

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

Matters if you want a mortgage or tenancy , loan or any type of credit agreement - like a mobile phone contract.

No one has ever asked or checked me out to my knowledge."

They don’t need to ask it’s in the small print on all the applications that no one reads.

But more importantly the public record doesn’t even need your permission

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By *ryandseeMan
over a year ago

Yorkshire

It is important in some instances and some mortgage and money lenders do use alongside side other tools such as affordability. Some people may not have a high score paradoxically because they have not used credit cards loans etc at all and for other reasons that may have nothing to do with their financial situation. Always good to know what it is ( can be free) and what you can do to improve if it ever is needed for something. There are ways you can improve it and can find these with minimum effort if it happens to be important to you for whatever reason

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By *om and JennieCouple
over a year ago

Chams or Socials

When I met T he had virtually no credit score - no credit cards or finance. Also self-employed.

It proves tricky when re-mortgaging so when things needed replacing in the house he did it on finance but always paid it off before any interest was due.

I’m not allowed a CCJ, bankruptcy, IVA, DRO etc.. as I would most likely lose my job

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By *ynecplCouple
over a year ago

Newcastle upon Tyne

"Do you care less ?

My friend goes on about his credit rating. In the end I ask him to STFU.

Dont worry about my credit rating it is very very good but when we returned to the UK back in 2000 I knew the previous tenants of our house were heavily in debt so after six months got a credit check done and had a couple of debits removed that were still linked to the property and were not ours.

It was worth doing because it would have caused us problems when we went to get a mortgage a few years later.

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By (user no longer on site)
over a year ago

How do you know what your credit rating is??

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By (user no longer on site)
over a year ago

"How do you know what your credit rating is??

I use Clearscore, it's free to use

I don't really pay much attention to my credit score, I don't use credit as such but I pay my mobile phone bill on time and my bank account is kept in the black.

My youngest has a good job but a shit credit score due to him never having credit so I got him to take out a low interest credit card, use it throughout the month for little things then pay it all off at the end of the months to build it up as I know when he will be applying for a mortgage before long

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By (user no longer on site)
over a year ago

"How do you know what your credit rating is??

I use Clearscore, it's free to use

I don't really pay much attention to my credit score, I don't use credit as such but I pay my mobile phone bill on time and my bank account is kept in the black.

I had to take out a credit card before applying for my mortgage a few years ago.

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