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Anon on credit scores (sh.itjust.works)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 22 points 11 months ago (11 children)

I was just considering this the other day.

Taking this logic to the extreme, wouldn't someone with liquidity but no credit score face serious issues towards accessing housing and services, as per the post?

[–] [email protected] 6 points 11 months ago (2 children)

My mortgage company didn't even look at my credit score once they saw my savings and income, which were REALLY not that much, just OK. But apparently good enough. So, I think credit score is only one thing they look at, and other positive things can outweigh a negative score.

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago) (1 children)

What were your savings, if you don't mind? I managed to get a house priced at 274k this year with only 20k saved, but a really good credit score, and about 100k income between me and my partner.

[–] [email protected] 2 points 11 months ago

I don't remember exactly, but it was probably not far off 20k saved with more like 50k income. House price was quite a bit lower than that, no equity from any previous homes owned.

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