Resolved Question

WOW , I NEED TO DOUBLE CHECK IF THIS IS TRUE ?

Tesco have this on there site :

What doesn't count towards a credit score?

Scoring models do not take into account:

* age
* race
* sex
* job or length of employment at your job
* income
* education
* marital status
* whether you've been turned down for credit
* length of time at your current address
* whether you own a home or rent
* information not contained in your credit report

it also include *weather youve been turned sown for credit is that right so if i apply 10 times get rejected my score is the same ????

Best Answer - Chosen by Asker

Yes this is correct - the fact that you have applied for credit in the last 6 months is recorded on your credit report (so in your example, if you applied 10 times for credit in quick succession, the fact you have applied will show up) but the decision by the lender (accept or decline) is not recorded.

You can obtain your credit report instantly online and for free at http://redo.me.uk/freecreditreport and see exactly what is recorded against you, and apply to have any errors changed.

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Other Answers (6)

• Correct. None of these things are included in your credit score.
  
  If you apply for credit, that creates a hard inquiry which will ding your score for a few points. If you apply for 10 lines of credit with a short period, it would take a chunk out of your score.
  
  Although these things are NOT included in your score, many are used by creditors to determine creditworthiness (age, race, sex being the exceptions). Your score is only a small part of a creditor decision to extend credit to you.

  Source(s):

• The being turned down may not affect but each time you apply a point goes on your credit report. So the more applications the more points. The best way to make your credit look good is apply for a card and spend a little and pay it off. Then another and pay it off. Limit your cards though and whatever you do don't let it get out of hand - a minute of spending can be a lifetime of misery if you're not careful.
• thats all right butt the only thing about the home part.. if you have a morgage and its not paid alll like no monthly fee then it doestn show but if you do then it will cuz you have to take out a loan from a bank.. credit score is anything you take out like a credit card like visa or mastercard or if you have loan or own a compeny money where they put your credit on the line in case you dont pay them they will dirstroy it and then comes in bankruptcy and all that fun stuff
• I think education only.
• I think you've misread something. Go to myfico.com if you want to read about credit scores.
• Your "credit score" is whatever Tesco decides from looking at your credit history and application.
  
  What Tesco is saying is that, in effect, they DO NOT see any of the above information as having any effect on the credit score they award you.
  In truth, this is true. They base decisions primarily on your credit history.
  That is why it is currently not possible to get credit from them if you have bad credit history. Even if you earn relatively good salary or are in a good job or you scribble "I am a millionaire" on the application form, if you have BAD credit history they do not give credit under their policy.
  - they can't discriminate on basis of age, race, sex by law
  - they wouldn't care about your job, time in employment, income, education, marital status, turned down for credit, address time, own home/rent, info not in credit report...they are only interested in your credit history with Experian or Equifax. Any defaults or bad history of credit and credit is not possible.
  Tesco want to make business decisions quickly based primarily only on information on your credit files collated by Experian, Equifax and Call Credit. The information in your application allows them to go to the credit report companies and do a search of your credit history. They would not be bothered with your present income or job because their policy is that such information is not reliable as regards your existing debt, the risk they take, and your ability to make payments on time.
  
  If you apply 10 times to Tesco over the year, a Tesco search may show up a few times on your credit files. Any other credit card companies you apply to see these previous searches. Also, Tesco Finance people may reject further repeat applications if you apply more than once with no new information.