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  • FIRST POST
    • MSE Steve
    • By MSE Steve 8th Sep 16, 6:40 PM
    • 34Posts
    • 17Thanks
    MSE Steve
    MSE News: MSE launches free Credit Club
    • #1
    • 8th Sep 16, 6:40 PM
    MSE News: MSE launches free Credit Club 8th Sep 16 at 6:40 PM
    MoneySavingExpert.com has today launched its brand-new Credit Club - a totally free way to check your credit score, whether you're likely to be accepted for credit in the real world and how to boost your chances....
    Read the full story:
    'MSE launches free Credit Club'

    Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Page 6
    • wiseonesomeofthetime
    • By wiseonesomeofthetime 11th Oct 16, 7:34 PM
    • 16 Posts
    • 10 Thanks
    wiseonesomeofthetime
    Monthly update not showing
    Like a couple of other users, still awaiting update.
    • MABLE
    • By MABLE 12th Oct 16, 11:18 AM
    • 3,060 Posts
    • 1,614 Thanks
    MABLE
    Still waiting for update and mine was due 8 October. Perhaps MSE have not paid their monthly fees.
    • ccfcforever1987
    • By ccfcforever1987 12th Oct 16, 11:46 AM
    • 25 Posts
    • 3 Thanks
    ccfcforever1987
    No update on mine either. It was due on the 8th October.

    Can anyone from MSE comment on why so many peoples accounts are not updating?

    I have an account with Clearscore which I opened within a day or so of the Credit Club launch and that one has updated ok. They use Equifax and so far has been useful. It pointed out I had an unpaid balance with Carphone Warehouse which I did not owe. CW removed the outstanding balance and my credit score and account details were amended in time for me to see them on the update.
    • MSE Chris
    • By MSE Chris 13th Oct 16, 9:35 AM
    • 21 Posts
    • 2 Thanks
    MSE Chris
    Like a couple of other users, still awaiting update.
    Originally posted by wiseonesomeofthetime
    Still waiting for update and mine was due 8 October. Perhaps MSE have not paid their monthly fees.
    Originally posted by MABLE
    No update on mine either. It was due on the 8th October.

    Can anyone from MSE comment on why so many peoples accounts are not updating?

    I have an account with Clearscore which I opened within a day or so of the Credit Club launch and that one has updated ok. They use Equifax and so far has been useful. It pointed out I had an unpaid balance with Carphone Warehouse which I did not owe. CW removed the outstanding balance and my credit score and account details were amended in time for me to see them on the update.
    Originally posted by ccfcforever1987
    Hi everyone,

    We updated a batch of scores last week for the 1st time. Following this, we've had to make some adjustments and are due to update the remaining batch later this week.

    Apologies in the meantime that this has been delayed but you will receive an email once your score has updated.
    • MSE Chris
    • By MSE Chris 13th Oct 16, 9:38 AM
    • 21 Posts
    • 2 Thanks
    MSE Chris
    I joined when it first started and, for no particular reason, just tried to log in and was told it 'hadn't verified my email'.

    It said it had sent me a verification email but none has arrived, despite me requesting a re-send several times.

    Is it broken, or does it take weekends off?
    Originally posted by Biggles
    Hi Biggles,

    We had an issue where users with custom domains (work/personal email addresses) were not receiving the verification email. We've now resolved this and you will need to log in and send the verify link again. Hope that helps, just let me know if you have any issues.
    • MSE Chris
    • By MSE Chris 13th Oct 16, 9:46 AM
    • 21 Posts
    • 2 Thanks
    MSE Chris
    Hi. I'm wondering if someone can help. I've logged in and I have a 25% HIT rate but when I log into credit card eligibility I have 80% with Tesco and M&S.
    What does this mean? There is a 25% chance I'll get one of the 80%
    ??
    I'm confused!
    Can anyone enlighten me!
    I'm currently repairing my credit file. I've just completed my mortgage application 3 'moths ago and that's all done and in place.
    Originally posted by Sarahjt16
    Hi there,

    The hit rate looks at the entire range of cards currently on offer in the market and is saying you will most likely be accepted for 25% of these cards (Tesco and M&S included).

    It's there to give you a rough idea on your credit worthiness and how lenders view you.

    I hope that explains this better.
    • MABLE
    • By MABLE 14th Oct 16, 10:48 AM
    • 3,060 Posts
    • 1,614 Thanks
    MABLE
    Good news my credit score is now available to view. Unfortunately it is just hovering just above poor indicator but never less still in fair territory. It has dropped by 16 points since last month. I can only think it is because of my stoozing. I do not have any mortgage and accounts always paid on time.
    • nic_c
    • By nic_c 14th Oct 16, 2:39 PM
    • 519 Posts
    • 344 Thanks
    nic_c
    As you can now register with Experian and get score free, maybe the MSE CC isn't as important if its the score you are checking.
    • redux
    • By redux 14th Oct 16, 2:46 PM
    • 15,558 Posts
    • 18,362 Thanks
    redux

    The credit utilisation shown for me is just plain wrong, saying 60%. In the last 12 months it has fluctuated between 8 and 30%, never above 20% in 6 months, and is currently about 15%
    Originally posted by redux

    I wonder if you've misread this section? The 60% figure is not dynamic it is part of the editorial explanation. Or have I got the wrong end of the stick and you were highlighting that your Utilisation figure was showing as Poor / Very Poor?
    Originally posted by MSE Dan L


    If MSE hope to cover their costs of this by later earning money from referrals of new applications, some algorithms need tightening up. I've been previously rated by MSE's online checker as 0 and 90% likely to get a certain credit card, even with both those results on the same day. One would encourage and one would discourage. (90% probably the correct one as I already have an account there.)
    Originally posted by redux
    It sounds like here that the details you entered on the eligibility tools were different. The way the tools work is that they only contact the bureau per individual once every 30 days. So if you login again later that day, you score should show the same (as its based on the same bureau information).
    Originally posted by MSE Dan L
    Updates (this morning):

    The credit utilisation has improved to so-so, but when I click the button below to have it explained it has a dial 100% coloured in green (previously 60%).

    That's a little odd, given that depending on the exact date chosen, the aggregate balance outstanding might be a little higher.

    As for the eligibility test, this trait of showing 0% and 90% for the same cards in different categories has now appeared in the credit club account, having previously been in the older online eligibility test.

    As I already replied, this is with the same numbers entered, and even when logged in on the same session.

    So paradoxically my so-called hit rate has just improved slightly, but the probabilities of each card are mostly exactly the same but a few have dropped to zero on some tabs.

    Overall, looking at this and the other two free sites, I'm viewing the results as not very meaningful.
    Last edited by redux; 14-10-2016 at 2:50 PM.
    • MABLE
    • By MABLE 18th Oct 16, 6:52 AM
    • 3,060 Posts
    • 1,614 Thanks
    MABLE
    Good news my credit score is now available to view. Unfortunately it is just hovering just above poor indicator but never less still in fair territory. It has dropped by 16 points since last month. I can only think it is because of my stoozing. I do not have any mortgage and accounts always paid on time.
    Originally posted by MABLE
    Just had my Clear score report published and credit score in their eyes has gone up by 43 this month and they have the exact information as Experian.
    • frankdk
    • By frankdk 7th Nov 16, 12:10 PM
    • 7 Posts
    • 2 Thanks
    frankdk
    Edits of entries
    Hi Dan,
    When do you expect that users will be able to edit the information they have entered? My salary has changed since I joined, and I had accidentally enter incorrect information that I'd like to correct.
    Many thanks.
    • c-m
    • By c-m 10th Nov 16, 2:34 PM
    • 730 Posts
    • 247 Thanks
    c-m
    It's funny, how in the Clearscore thread there are doomsayers saying "I wouldn't give my information to a third party to access my credit score" Yet there's few such moans about the MSE credit club which is exactly the same principle, and just like all the other credit checking tools, will be making plenty in credit card referrals.

    Anyway, it's great that we can now check our records against all three agencies for free.
    • MABLE
    • By MABLE 11th Nov 16, 8:33 AM
    • 3,060 Posts
    • 1,614 Thanks
    MABLE
    Just had my Clear score report published and credit score in their eyes has gone up by 43 this month and they have the exact information as Experian.
    Originally posted by MABLE
    I'm on the up. Latest score from Experian now showing my score as 760 from 721.
  • jamesd
    I'm on the no change and on the up from Experian. No change via MSE but up via Barclaycard with a two day gap between the two scores, MSE later. So "fair" according to Experian via Barclaycard but "poor" via MSE Credit Club.
    • SnowTiger
    • By SnowTiger 11th Nov 16, 9:52 AM
    • 2,779 Posts
    • 1,771 Thanks
    SnowTiger
    It's funny, how in the Clearscore thread there are doomsayers saying "I wouldn't give my information to a third party to access my credit score" Yet there's few such moans about the MSE credit club which is exactly the same principle, and just like all the other credit checking tools, will be making plenty in credit card referrals.
    Originally posted by c-m
    The information you provide is shared with a range of unspecified third parties. See https://termsandconditions.hdd2.co.uk/Policy/.

    I'm surprised Experian charges MSE anything for the service because it's a great way for them to gather information. MSE doesn't appear to have got a good deal here. Experian should pay them!

    Anyway, it's great that we can now check our records against all three agencies for free.
    Originally posted by c-m
    We can't. MSE's Credit Club doesn't offer us access to our Experian record.
    • nic_c
    • By nic_c 13th Nov 16, 11:39 AM
    • 519 Posts
    • 344 Thanks
    nic_c
    It's funny, how in the Clearscore thread there are doomsayers saying "I wouldn't give my information to a third party to access my credit score" Yet there's few such moans about the MSE credit club which is exactly the same principle, and just like all the other credit checking tools, will be making plenty in credit card referrals.

    Anyway, it's great that we can now check our records against all three agencies for free.
    Originally posted by c-m
    You only get the experian score, and whilst there has been talk on the forum of MSE CC being able to offer a full report in future, I'm not sure that will happen. Since the launch of MSE CC experian have done their own free product, CreditMatcher, which is similar (just gives the score with links for getting CC's/loans/etc), and a ploy to try and get people to upgrade to their paid service. How many people when seeing their score change may panic and subscribe to instantly see why.
    • MSE Chris
    • By MSE Chris 14th Nov 16, 4:44 PM
    • 21 Posts
    • 2 Thanks
    MSE Chris
    Hi Dan,
    When do you expect that users will be able to edit the information they have entered? My salary has changed since I joined, and I had accidentally enter incorrect information that I'd like to correct.
    Many thanks.
    Originally posted by frankdk
    Hi there,

    We're hoping to get this in place in the next 2 weeks so be sure to keep checking!

    It's taken us a bit longer than we would have hoped to get this live but we hope you find it useful once it's launched.
    • MSE Chris
    • By MSE Chris 14th Nov 16, 4:46 PM
    • 21 Posts
    • 2 Thanks
    MSE Chris
    You only get the experian score, and whilst there has been talk on the forum of MSE CC being able to offer a full report in future, I'm not sure that will happen. Since the launch of MSE CC experian have done their own free product, CreditMatcher, which is similar (just gives the score with links for getting CC's/loans/etc), and a ploy to try and get people to upgrade to their paid service. How many people when seeing their score change may panic and subscribe to instantly see why.
    Originally posted by nic_c
    Hi nic_c,

    We're hoping to give you access to your full report next year but we don't want to commit to a date just yet. It's just to let you know we are working on it and hopefully you'll find it useful once it launches!
    • lisa110rry
    • By lisa110rry 14th Nov 16, 5:00 PM
    • 1,612 Posts
    • 2,870 Thanks
    lisa110rry
    I tried to join yesterday, but despite being on the electoral register for years and having lived in the same (paid for) home or almost 30 years and having been employed by the same firm for 13 years, for some reason the site couldn't identify me.
    “And all shall be well. And all shall be well. And all manner of things shall be exceeding well.”
    ― Julian of Norwich
    In other words, Don't Panic!
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