Dear guys, I’ve recently moved here in the UK and newbie in everything such as city, credit score, loan, etc.
I have some question and would appreciate your time and dedication in advance to helping me:
1- Does Monzo have its own credit maker/score (for Monzo Flex).
I tried to register it but it said I’m not eligible.
2- How can I do these criteria things, to get scores.
I’m an enterprenuer (self-employed), and trying to run my own startup in near future, and don’t have any salary statment yet, is there any other option to use Monzo Flex?
3- Can create a history to make score by using Monzo with my bills, direct debits, etc? or shall I do something else?
So sorry for my long story , I hope you get what you want.
If you’re new to the UK, finding a credit profile can be difficult.
Monzo does have internal scoring but mostly for the other products we have.
From an account perspective it’s worth having a look at credit karma and seeing what information is there, and once you’ve built some form of credit report, apply again.
Yes we do - every lender in the UK will have their own credit score.
Your credit score is only a small component of why you may/ may not be eligible for Flex - other components include affordability checks and income verification.
If you DM me your email on here I can take a look at the reason for you.
In terms of getting Flex - yes, we’ll also take into account things like this and how long you’ve had an account with us.
, I hope you get what you want.