RLA Credit Checks - Score means what?
Tax Planning and Financial

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4 Posts
17 years ago
I have just done a credit check on a guarantor of one of my prospective tenants. The credit check itself appears to have come back clean.
The score though was low (228)

My question is how is this score obtained, does it start high and get reduced, or start low and build up?

Do the highest ratings go to those that take on debt but service it properly, rather than those that don't take on debt at all?

What score would my mother-in-law obtain considering she lives in her own property (30 years) mortgage free, only has one credit card that is paid off every month, and has one current bank account. (She was turned down recently for not having a rating by a high street retailer)

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