Credit scores not matching?

Luke_Rick wrote: »

Experian Credit score via MSE and Experian themselves are different.

906 on Experian
999 on MSE Credit Club.

Why is this different..?

Thanks!

All the credit agencies have different ways of scoring your credit file. I check all my credit files (Experian, Equifax and Noddle) and all 3 give me different scores. I really wouldnt worry too much about the scoring. Lenders dont see this score and will have their own individual way of rating you.....I never check my credit files to see what score I have, its just important to check all the information is correct and up to date. The 906 score you see on Experian, should just be used as a guide, just to give you an idea of how well you are managing your credit agreements but are not a guarantee for getting credit....maybe MSE are just using a different system to rate you? Or take a little longer to update?

ukamber1 wrote: »

All the credit agencies have different ways of scoring your credit file. I check all my credit files (Experian, Equifax and Noddle) and all 3 give me different scores. I really wouldnt worry too much about the scoring. Lenders dont see this score and will have their own individual way of rating you.....I never check my credit files to see what score I have, its just important to check all the information is correct and up to date. The 906 score you see on Experian, should just be used as a guide, just to give you an idea of how well you are managing your credit agreements but are not a guarantee for getting credit....maybe MSE are just using a different system to rate you? Or take a little longer to update?

MSE give the Experian credit score

ukamber1 wrote: »

thanks glentoran99.....I'm not a member of the MSE service so wasnt sure how it worked...Am I right in thinking, MSE is to Experian, like Noddle is to Callcredit or Clearscore to Equifax?

thanks again

Yes MSE use Experian's "Credit Score" as part of the Credit Club service.

However this is why it's worth taking with a pinch of salt... Both Lloyds Bank and Tesco Bank have written to me recently informing of credit limit increases.

Experian deem me as 'poor'. If that's the case then you'd have thought I'd be seeing limit decreases!

Different times can affect the score calculation, things like whether payments have reached accounts and the effect that has on balances. there are also a range of different scores available for each brand and MSE and Experian might be using different versions of their score.

For existing customers it's actual performance that matters more than shared credit scores and this can produce limit or interest rate changes even with a central score moving in the opposite direction. The choice to offer existing customer money transfer or balance transfer deals and the terms of those can also change.