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  • FIRST POST
    • rev229
    • By rev229 17th Oct 16, 8:14 AM
    • 1,015Posts
    • 768Thanks
    rev229
    MSE credit club
    • #1
    • 17th Oct 16, 8:14 AM
    MSE credit club 17th Oct 16 at 8:14 AM
    I joined the MSE credit club my score is 987. However my affordability score is in the red.....very poor! Apparently is my debt to income ratio! Now this is odd, I have no debt just my car on a PCP which is well within my budget. Both mortgage and debt free and credit card paid off every month, less the £200 per month. Can anyone shed any light on this. My husband had no debt either, just a car on HP but again nothing we can't afford. We have no overdrafts, loans, and save most of my salary. Never been declined on a bank or credit application either! Very confused!!
Page 1
    • zx81
    • By zx81 17th Oct 16, 8:16 AM
    • 11,238 Posts
    • 11,196 Thanks
    zx81
    • #2
    • 17th Oct 16, 8:16 AM
    • #2
    • 17th Oct 16, 8:16 AM
    I'd ignore any of the scores they give you.
    • MSE Chris
    • By MSE Chris 20th Oct 16, 3:03 PM
    • 46 Posts
    • 14 Thanks
    MSE Chris
    • #3
    • 20th Oct 16, 3:03 PM
    • #3
    • 20th Oct 16, 3:03 PM
    I joined the MSE credit club my score is 987. However my affordability score is in the red.....very poor! Apparently is my debt to income ratio! Now this is odd, I have no debt just my car on a PCP which is well within my budget. Both mortgage and debt free and credit card paid off every month, less the £200 per month. Can anyone shed any light on this. My husband had no debt either, just a car on HP but again nothing we can't afford. We have no overdrafts, loans, and save most of my salary. Never been declined on a bank or credit application either! Very confused!!
    Originally posted by rev229

    Hi there,


    If your PCP appears on your credit report and the remaining balance is high or close to your income amount (income entered when you registered for credit club), this will cause your debt ratio to be high and appear will appear weak.


    Not to worry, lenders may still consider you a good risk and lend to you. You'll see how well you appear to lenders in the credit hit rate (%) score.
    • tosyn
    • By tosyn 22nd Feb 17, 10:26 PM
    • 67 Posts
    • 8 Thanks
    tosyn
    • #4
    • 22nd Feb 17, 10:26 PM
    • #4
    • 22nd Feb 17, 10:26 PM
    how it is different from noodle, clearscore etc?

    there are at least 4 different providers supplying free credit scores promoting affiliate business's products linked to a person profile.

    In my opinion, ML is a bit slow to realise this opportunity.
    • ashp
    • By ashp 23rd Feb 17, 7:39 AM
    • 403 Posts
    • 133 Thanks
    ashp
    • #5
    • 23rd Feb 17, 7:39 AM
    • #5
    • 23rd Feb 17, 7:39 AM
    how it is different from noodle, clearscore etc?

    there are at least 4 different providers supplying free credit scores promoting affiliate business's products linked to a person profile.

    In my opinion, ML is a bit slow to realise this opportunity.
    Originally posted by tosyn
    Noddle provides your report for free from Callcredit.

    Clearscore provides your report for free from Equifax.

    MSE credit club provides an insight into your Experian report although not your full report (Currently). It's basically the closest you can currently get to your Experian report without paying.

    All 3 credit reports can be different and it's good to be able to view all 3 for free!
    • molerat
    • By molerat 23rd Feb 17, 8:25 AM
    • 16,040 Posts
    • 10,204 Thanks
    molerat
    • #6
    • 23rd Feb 17, 8:25 AM
    • #6
    • 23rd Feb 17, 8:25 AM
    Which bits of Experian data is missing from the MSE report ? All the headings seem to be there for me.
    www.helpforheroes.org.uk/donations.html
    • ashp
    • By ashp 23rd Feb 17, 8:41 AM
    • 403 Posts
    • 133 Thanks
    ashp
    • #7
    • 23rd Feb 17, 8:41 AM
    • #7
    • 23rd Feb 17, 8:41 AM
    Which bits of Experian data is missing from the MSE report ? All the headings seem to be there for me.
    Originally posted by molerat
    Have they updated if now so you can see your full report? I new it was coming but didn't realise it had already happened! If this is the case I withdraw my statement!
    • Candyapple
    • By Candyapple 23rd Feb 17, 11:06 AM
    • 1,729 Posts
    • 1,366 Thanks
    Candyapple
    • #8
    • 23rd Feb 17, 11:06 AM
    • #8
    • 23rd Feb 17, 11:06 AM
    Have they updated if now so you can see your full report? I new it was coming but didn't realise it had already happened! If this is the case I withdraw my statement!
    Originally posted by ashp
    Yes, it was implemented on 13 Feb: http://forums.moneysavingexpert.com/showthread.php?t=5522743&page=7
    • takman
    • By takman 23rd Feb 17, 1:10 PM
    • 2,076 Posts
    • 1,690 Thanks
    takman
    • #9
    • 23rd Feb 17, 1:10 PM
    • #9
    • 23rd Feb 17, 1:10 PM
    how it is different from noodle, clearscore etc?

    there are at least 4 different providers supplying free credit scores promoting affiliate business's products linked to a person profile.

    In my opinion, ML is a bit slow to realise this opportunity.
    Originally posted by tosyn


    Well MSE Credit Club and Clearscore both provide information based on data from your credit report and a "noodle" is a food item with its origins in Asia.
    • tosyn
    • By tosyn 23rd Mar 17, 10:38 AM
    • 67 Posts
    • 8 Thanks
    tosyn
    ...."noodle" is a food item with its origins in Asia.
    Originally posted by takman
    :-) In this threads context, you'll realise you'were wrong when you click the link below:
    https://www.noddle.co.uk/
    • takman
    • By takman 23rd Mar 17, 10:45 AM
    • 2,076 Posts
    • 1,690 Thanks
    takman
    :-) In this threads context, you'll realise you'were wrong when you click the link below:
    https://www.noddle.co.uk/
    Originally posted by tosyn
    That link takes you to "noddle" but you clearly said "noodle" in your post
    • Amberamber80
    • By Amberamber80 29th Mar 17, 8:39 PM
    • 39 Posts
    • 32 Thanks
    Amberamber80
    I just tried to set up an MSE credit club account but it is asking for 3 different card details. I only have my debit card. No current/active credit cards. Anyone know if there is a way around this? Very frustrating!!
    • MSE Dan L
    • By MSE Dan L 30th Mar 17, 12:19 PM
    • 572 Posts
    • 347 Thanks
    MSE Dan L
    I just tried to set up an MSE credit club account but it is asking for 3 different card details. I only have my debit card. No current/active credit cards. Anyone know if there is a way around this? Very frustrating!!
    Originally posted by Amberamber80
    Hi Amber

    The verification process used for Credit Club is powered by Experian. Given the large amount of personal detail which is available through your credit report, it is important that it can be sufficiently certain that you are who you say you are.

    Where possible Experian will ask you questions about items on your report. But in addition to this (particularly if your credit file is more limited), it'll ask you to confirm your card details to further verify your identity.

    To counter against the threat of cybercrime and the theft of your personal details, it may not be sufficient to just enter one card, and in some scenarios you'll be asked for two or even three.

    Here at MSE, we're continuing to work with Experian to try to improve the verification journey and ensure it is working as smoothly as possible. However for the moment if you don’t have any additional cards to enter, it wouldn’t be possible for you to fully register for Credit Club at this stage.

    I hope this information helps.
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