Credit Check Failed When Changing Electricity Provider?

LRolePlayer88 on 10/12/2022 - 17:03
Last edited 10/12/2022 - 17:28 by 1 other user

Hey guys, need your help to see if anyone experienced this before.

My credit score on Equifax is very good, and I am earning > $150k. I like to change utilities provider every 3 months in order to take advantage of switching credits / gift cards. Recently I have tried changing to Atlinta Energy but got rejected due to a credit check fail.

I am fairly sure this has nothing to do with my credit score, but more likely they are seeing that I am frequent hopper and probably blacklisted me

Did anyone have a similar experience? Or does anyone have any insider info on why I have been rejected?

Financial Credit Card

Comments

  • JIMB0 on 10/12/2022 - 17:12
    +2

    Did you try asking them?

  • HardQuiz on 10/12/2022 - 17:17
    +1

    They said you failed the credit check?

    Do you see the inquiry they made ?

  • p1 ama on 10/12/2022 - 17:21
    +1

    I am fairly sure this has nothing to do with my credit score, but more likely they are seeing that I am frequent hopper and probably blacklisted me

    Yes, almost 100% certain this is it.

  • Jake17 on 10/12/2022 - 17:29
    +20

    Sounds like a post just to brag your income

    • jjjaar on 10/12/2022 - 17:33
      +3

      Exactly.

      Income is irrelevant without knowing all debts.

  • kouk on 10/12/2022 - 17:55
    +1

    This happened to me once, Checked my Equifax and it was clear, then checked creditsimple (illion) and there was someone else's default listed against my name.
    FYI I earned 2 sheep and a flock of geese LY

    • AndyC1 on 10/12/2022 - 18:06

      No kangaroos in the top paddock?

  • Downvoter on 10/12/2022 - 17:57
    +1

    No one gives a fvck what your income is mate

    • AndyC1 on 10/12/2022 - 18:07

      Scammers do as the can get more out of you.

  • Iwantthebestprice on 10/12/2022 - 18:12
    +5

    150K income… 1 mil mortgage debt and $100K on car… income is irrelevant. Flex post

  • El-Rhi on 10/12/2022 - 18:50
    +4

    My credit score on Equifax is very good

    The score you see on Equifax would be your Comprehensive score which includes CCR information.

    Utility providers do not have access to this information so they rely on the ‘negative’ score which only includes things like enquires and defaults. Chances are your negative credit score is not very good due to the number of credit enquires from switching utility providers.

    Also, income is not factored into a credit score.

  • c64 on 10/12/2022 - 19:02
    +5

    something must be seriously wrong to get knocked back by an electricity provider

  • MS Paint on 10/12/2022 - 19:05
    +6

    Have fun living in the dark on your $150k salary.

  • randomusername2017 on 10/12/2022 - 19:08
    -1

    We all have a role to play… unfortunately someone had to be cast as the reject in this first world melodrama.

  • loropy9 on 10/12/2022 - 19:48
    +3

    I always imagined people who earn over $150 enjoying their days without having to concoct elaborate voucher/gift card/promo and other cheap a$$ schemes to get by.

    • Switchblade88 on 10/12/2022 - 20:06
      +1

      I also imagine people who earn over $150.

    • bobbified on 10/12/2022 - 20:36

      Depends how many ex-wives and kids they've got!

    • netjock on 10/12/2022 - 20:41

      Probably lost all their money with Celcius / FTX

  • bobbified on 10/12/2022 - 20:43

    …and I am earning > $150k.

    ha! That explains it. You don't even qualify as "average" here! If you check the previous polls, you'll see that most of us here are on $300K or so.

    Salary of $150K only allows you to switch providers once each year.

    Since you've been declined, you can obtain a copy of your credit report for free to look what's on there.

  • jimbobaus on 10/12/2022 - 22:39
    -1

    Credit scores are made up numbers so that they can sell your data to lenders etc.
    every lender has their own internal systems and in this case you didn’t meet their requirements.

    • avoidfullprice on 10/12/2022 - 23:05
      +1

      Credit scores are as made up as selection criteria on job applications. Some businesses rely on them so much they miss out of potential candidates.

  • Jono05 on 11/12/2022 - 17:36

    I've never checked my credit score (wouldn’t have a clue how to) and have never had trouble getting a loan or a credit card or changing electricity providers.

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