Almost certainly not.Can your parents or siblings credit history affect me? (They all have bad credit).
Sounds really strange to me! I know there is a credit crunch on, but still! Have you tried Bank of Ireland (as they have on file that you paid your loan off early etc.) for the current account/ debit card?
Regarding the loan, you should consider opening a Credit Union account and start saving. You can then borrow up to 5 times your savings amount, after a certain period of time (3/4 months I think).
I have tried bank of Ireland. In fact, I got the rejection letter this morning. The loan I applied for there was a working capital business loan. My business account has been with them for years too. That account has never had a loan, overdraft or missed standing order/DD. My busines advisor there said that it was declined because of my credit record.
Doesn't each financial institution do scoring their own way based on the ICB records and any other relevant inputs?Aren't all credit score calculations done automatically?
Yes, I explained everything to him. I have absolutely nothing to hide and I laid it all out on the table. I even explained things as menial as the fact that the query from halifax was not a query relating to a credit application but for a current account.Does he know why you missed the two payments three years ago?
I have been what I have told to be.Especially in this case where the OP has tried so hard to avoid further credit.
Apparently not. He actually told me that I am the perfect candidate for the loan before it went for approval.Doesn't each financial institution do scoring their own way based on the ICB records and any other relevant inputs?
This is what is really annoying me. I know people up to their eyes in debt who can barely afford their weekly shop but because they are making their minimum payments (just about) to their 4-6 different loans, they're the good guys!You probably have a better history of being in credit than most people.
But your lack of loans/credit cards/overdrafts have had opposite effect.
The banks have made no money out of you either.
Nope. The other director is in a very similar situation to me. No debt and in fact a perfect ICB score (it would seem). It is actually putting a bit of strain on our working relationship at the moment as it is clear this problem is me. My BA actually told me that it was my credit score that caused the loan to be declined.Surely your credit history for your business is treated separately
to your personal finances.
Yes, I explained everything to him. I have absolutely nothing to hide and I laid it all out on the table. I even explained things as menial as the fact that the query from halifax was not a query relating to a credit application but for a current account.
Can your parents or siblings credit history affect me?
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