The Things That UK Lenders Like to See on Your Credit File, (and? What They Don?t Like to See!)

Lenders are quite fussy about what they like to see on your credit report. So much so that you will have a hard time to meet their high expectations. But what exactly are they looking for? In this article we take a look at one aspect of your credit history that lenders have a keen eye out for.

Most revolving loans, loan accounts and credit cards will show a monthly payment pattern describing your history for up to 6 years, although often only the last 3 years are visible on your credit history. Usually a revolving credit account or credit card account will be shown as a row of numbers, each one representing a single payment month. Often '0' is used to show - on time, '1' is used to show 30 days late, '2' - 60 days late, and so on through to 9, which is generally indicating an account that has been written-off or sent to a collection agency. You should note that different credit reference agencies employ different codes but the agency concerened will normally give you a full explanation of the codes used.

As an example a well kept credit card should look something like this:

0000000010000121211001000000000000011000000100000

Even though some payments were late the card is generally well kept - lenders don't normally expect perfection so the above example looks pretty good.

Conversely a bad credit card might appear something like this:

0001234110012212341110001231113334456789999999999

Notice that even at the start the card was maintained erratically and unreliably, often falling into arrears. Eventually this lead to the card becoming delinquent and written off. Lenders don't like to see this at all.

Having credit cards and using them regularly and wisely, shows the lender that you are a model borrower. You are likely to be awarded around 50-100 bonus points for every loan or credit card that has been well maintained and/or paid back on time.

Jack Miles, Author of "The Complete U.K. Credit Repair Guide", produced the guide to help people restore a poor credit rating and enjoy the benefits of good credit. The guide shows subscribers step by step how to repair bad credit history, how loan application forms are scored, how to remove court judgments (CCJ's) and also how to best fill apply for loans to gain the best chance of approval.

For more information please visit The Complete UK Credit Repair Guide at http://www.creditsecrets.co.uk

This article is Copyright 2005 Jack Miles.

Reprint Rights: This article may be reprinted only in full (unedited), and complete with author's name and active links. All other rights reserved.

In The News:


Google News
Updated : Thu, 24 Jul 2008 06:51:44 GMT

Favre's heir? With backing from mates, Rodgers waits patiently - USA Today


Bleacher Report
Favre's heir? With backing from mates, Rodgers waits patiently
USA Today - 4 hours ago
By Matt Ludtke, AP By Larry Weisman, USA TODAY He no longer sounds like a retired player after seemingly passing on the opportunity to lead a talent-laden Packers squad.
Video: The Rift Between Favre and the Packers AssociatedPress
Finding new home for Brett Favre won't be easy Chicago Tribune
Minneapolis Star Tribune - Kansas City Star - The Canadian Press - Tampa Tribune
all 512 news articles

Publ.Date : Thu, 24 Jul 2008 02:06:18 GMT

Karadzic lived the good life with wine, song - Reuters


ABC News
Karadzic lived the good life with wine, song
Reuters - 2 hours ago
By Ivana Sekularac BELGRADE (Reuters) - Radovan Karadzic lived the good life while hiding from justice for 11 years: he watched his diet, fell in love and hung out in a small bar where hardliners gathered to sing about his wartime exploits.
Video: Karadzic's arrest sparks clashes - 23 Jul 08 AlJazeeraEnglish
Karadzic's secret life enthralls his fellow Serbs The Associated Press
Reuters UK - euronews - New York Times - Voice of America
all 5,771 news articles

Publ.Date : Thu, 24 Jul 2008 04:05:33 GMT

Christian Bale's lady sidekick: Sibi Bale - Los Angeles Times


ABC News
Christian Bale's lady sidekick: Sibi Bale
Los Angeles Times - 4 hours ago
Like the Dark Knight/Bruce Wayne, Christian Bale is a real-life man of mystery. Averse to personal publicity, he is well-known for not wanting to discuss his private life.
Christian Bale, Wife "Solid" at Knight's Spain Premiere E! Online
Bale's family feud led to scuffle The Star-Ledger - NJ.com
People Magazine - New York Daily News - Boston Herald - Variety
all 2,386 news articles

Publ.Date : Thu, 24 Jul 2008 02:10:31 GMT

Discovery may boost statin safety - BBC News


InjuryBoard.com
Discovery may boost statin safety
BBC News - 7 hours ago
Scientists have pinpointed a gene mutation as a major cause of a rare side effect of the cholesterol-lowering drugs statins. They hope the discovery could lead to a simple test to identify patients at increased risk of myopathy - severe muscle pain and ...
Gene May Predict Cholesterol-Lowering Drug Risk, Study Says Bloomberg
Genetic Cause of Statin-Related Muscle Pain Found Washington Post
U.S. News & World Report - Reuters - The Associated Press - The Star-Ledger - NJ.com
all 172 news articles

Publ.Date : Wed, 23 Jul 2008 23:14:24 GMT

Zimbabwe Parties May Sign Unity Deal Soon, Business Day Reports - Bloomberg


ABC News
Zimbabwe Parties May Sign Unity Deal Soon, Business Day Reports
Bloomberg - 28 minutes ago
By Carli Lourens July 24 (Bloomberg) -- Zimbabwe's ruling and opposition parties may sign a power-sharing agreement soon as they have already agreed on a wide range of issues, Business Day reported, citing people it didn't identify.
Fearsome Zimbabwe militias are afraid Los Angeles Times
Delayed Zimbabwe Power-Sharing Talks Seen Beginning Thursday Voice of America
BBC News - guardian.co.uk - AFP
all 3,609 news articles

Publ.Date : Thu, 24 Jul 2008 06:23:06 GMT

Rapper 50 Cent sues Taco Bell over ad - New York Daily News


ABC News
Rapper 50 Cent sues Taco Bell over ad
New York Daily News - 36 minutes ago
BY THOMAS ZAMBITO The rapper - real name Curtis Jackson - is suing the fast-food chain for using his hip-hop persona to tout its tacos.
50 Cent sues Taco Bell over ad campaign The Associated Press
Rapper 50 Cent says Taco Bell stole his endorsement Reuters
E! Online - MTV.com - CNNMoney.com - KWCH
all 187 news articles

Publ.Date : Thu, 24 Jul 2008 06:15:09 GMT

Billionaires Back Antismoking Effort - New York Times


Boston Globe
Billionaires Back Antismoking Effort
New York Times - 27 minutes ago
Bill Gates and New York Mayor Michael R. Bloomberg announced their antismoking initiative on Wednesday in New York. By DONALD G. MCNEIL JR Bill Gates and Mayor Michael R. Bloomberg announced on Wednesday that they would spend $500 million to stop ...
Video: Gates, Bloomberg Pool Riches to Fight Smoking AssociatedPress
The $500 million war on smoking Minneapolis Star Tribune
BusinessWeek - eFluxMedia - Bizjournals.com - FOXBusiness
all 471 news articles

Publ.Date : Thu, 24 Jul 2008 06:23:48 GMT

Website Traffic Promotion
Automated Blog and Ping


PARLOT::Ebooks, Scripts, Websites, and more...

Adsense websites

Addressing Bad Credit Card Debt

Spending HabitsSo you've just got your credit card. The first... Read More

Avoiding ID Theft and Credit Fraud

Article excerpted from the new book, "How to Do Space... Read More

Like It Or Not, You Have A Score To Settle!

Like It Or Not, You Have A Score To Settle!... Read More

It Is In Your Best Interest To Do The Math On Your Credit Card Interest

If you begin foaming at the mouth once a month... Read More

Are You The Only One Using Your Name?

Identity theft has become an epidemic. Millions and millions of... Read More

How To Repair Your Credit Report

A credit report is run on a buyer when he... Read More

Credit Card Expenses Are Killing Your Budget!

Do you know the costs associated with your credit card?... Read More

Beware the Shopping Mall Monster

Like me, you've probably been offered a fair old number... Read More

What Does Your Credit Say About You?

A credit report is more than just a snapshot of... Read More

Maximizing Credit Card Rewards

In their quest to get you to sign up for... Read More

Dealing With and Repairing Bad Credit

Bad credit can be a burden for otherwise good credit.... Read More

Are you paying higher interest on your credit cards than you think?

Many credit card holders sign up for a credit account... Read More

Credit Card Debt: One Way To Avoid It

One of the biggest problems people have in these modern... Read More

Credit Cards - Why Prepay?

With prepaid credit cards, you get the practicality of plastic... Read More

Five Debt Negotiation Facts

These five debt negotiation facts along with a few debt... Read More

Five Reasons to Repair Your Credit Score - You Can Do It Yourself

There are multiple reasons that tell us why we should... Read More

Low Interest Credit Cards Have Many Advantages

When credit cards are used wisely they can be very... Read More

Repair Your Credit - The Right Way!

How to Repair a Bad Credit Rating?The Right Way!If you... Read More

Fun with Credit Cards

For those of us who know how to use them... Read More

What Is a FICO Score and How Do I Make It Work for Me?

Whether or not you receive a loan and what interest... Read More

Beware of Bogus Credit Repair Companies!

So-called "credit repair" companies claim they can remove negative information... Read More

Credit Repair Companies and Credit Counseling

Let's be crystal clear, right up front. Paying someone to... Read More

How To Use Your Credit Cards Wisely

Are you one of the thousands pulling your hair out... Read More

What Does Your Credit Score Tell You?

When you apply for a loan or a mortgage, the... Read More

How to Order the Right Credit Reports to Repair Your Own Credit

In this week's article, I am going to offer some... Read More