Credit Report Problems

[Nottingham1989]

Hello everyone,

 

I have just checked my credit report for the first time with Credit Expert and every thing seems fine with it.

 

I have credit accounts with Littlewoods and my limit is £375 but the payment is made on time every month, same with Jacamo and my limit with them is £200, I have a loan with Provident and the payments are always on time, I have also had 3 small loans with Wonga and they were always paid on time and I have a £400 over draft with Natwest and I have never gone over it and I pay the interest each month on time.

 

To my horror my credit score is 281, how can this be possible?

[Hazzinho]

I wouldnt worry too much about the score but if you are using payday lenders that is a major indicator you are struggling to get by.

[Nottingham1989]

I only used them three times for some small loans, two were £20 and one was £50, my ESA payments were late and I had to use the money to getfgood, I had no idea they had that affect and I wont use them again.

[Hazzinho]

Some lenders might not care where as i'd imagine if you want a loan off a bank the payday loans will be seen as a negative as you may be seen as a risk. i would definately avoid payday loans in the long run if its possible to do so.