Originally Posted by stevejk75:
“I am currently on my second year of my contract with o2,which ends on 08/02/06.On saturday i applied on line with the three network,for a years contract.They approved straight away.I got my new phone yesterday a sony-ericsson k608i.I am also registered disabled and cant work.And also because of this i had a bad credit rating.The point i am trying to make is that i am approved for two contracts running at the same time,the o2 one is going in february.So someone tell me how can you have a bad credit rating say if you want to buy a new tv,which i have just tried to do and got turned down.But had my mastercard credit limit increased.Im baffled.”
You can't have a bad credit rating for being disabled, that would be highly illegal, I presume you don't score to highly because you aren't in full time employment.
Different companies have their own criteria when carrying out credit scoring. What's right for one isn't always right for another, so while you may score correctly with one company you may still find that another doesn't want to know.
Keep in mind there are credit records and credit scoring, don't confuse the two. Unless you've had a trouble past (ie missed payments, defaults, council tax issues etc.) then you are unlikely to have a bad credit record, but the you may not do to well on credit scoring due to your circumstances such as income.
If you got turned down for the TV then there could have been many reasons, but mobile phone contracts are normally easier to get than finance for a purchase such as a TV. They may have also taken in to consideration your income and current outgoings or visible credit on your record (such as two mobile phone contracts) and decided that in their view you have too many commitments compared to your income for them to offer you a finance agreement.
The best thing to do is to get your credit record from the company that they use, normally experian or equifax but ask and they'll tell you which one, and then take a look to make sure there's nothing out of place on there.