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  • FIRST POST
    • Daniel2017
    • By Daniel2017 15th Jul 17, 10:08 AM
    • 16Posts
    • 5Thanks
    Daniel2017
    Mse credit club absolutely useless.
    • #1
    • 15th Jul 17, 10:08 AM
    Mse credit club absolutely useless. 15th Jul 17 at 10:08 AM
    Mse say on there credit club it's important to put the correct amount of money you get in well unfortunately they have set a grand as the minimum amount you can put in the box well if it's that important surely there should be no minimum or are you trying to say you don't want people who have less money to be able to use the credit club.
Page 1
    • Tarambor
    • By Tarambor 15th Jul 17, 10:46 AM
    • 1,153 Posts
    • 796 Thanks
    Tarambor
    • #2
    • 15th Jul 17, 10:46 AM
    • #2
    • 15th Jul 17, 10:46 AM
    If you earn below £1000 you're not going to find anyone who will lend to you other than pay day lenders and doorstep loansharks such as Shopacheck.

    Also at the top of the page:

    Important: This is a brand new tool, so we're still ironing out creases, please see our FAQs for help and feedback.
    So have you given them feedback or just ranted on here?
    • Superscrooge
    • By Superscrooge 16th Jul 17, 2:04 AM
    • 854 Posts
    • 592 Thanks
    Superscrooge
    • #3
    • 16th Jul 17, 2:04 AM
    • #3
    • 16th Jul 17, 2:04 AM
    See below post from similar thread

    http://forums.moneysavingexpert.com/showthread.php?t=5651220&highlight=credit+club+100 0#7

    £1,000 annual income is less than £20 per week. If your income is below £20 per week it's unlikely you would be accepted by any mainstream lender
    Last edited by Superscrooge; 16-07-2017 at 2:18 AM.
    • nic_c
    • By nic_c 16th Jul 17, 7:00 AM
    • 901 Posts
    • 546 Thanks
    nic_c
    • #4
    • 16th Jul 17, 7:00 AM
    • #4
    • 16th Jul 17, 7:00 AM
    I wonder if the OP mistook the income as monthly not annually, as you say £1000pa is extremely low.
    • Tarambor
    • By Tarambor 16th Jul 17, 12:22 PM
    • 1,153 Posts
    • 796 Thanks
    Tarambor
    • #5
    • 16th Jul 17, 12:22 PM
    • #5
    • 16th Jul 17, 12:22 PM
    Even at £1000 per month you're going to be in the realm of sub-prime borrowing which this site is against.
    • RG2015
    • By RG2015 16th Jul 17, 9:28 PM
    • 297 Posts
    • 106 Thanks
    RG2015
    • #6
    • 16th Jul 17, 9:28 PM
    • #6
    • 16th Jul 17, 9:28 PM
    I understand that checking your credit file is a useful way to find if fraudulent applications have been made in your name. There is a good reason therefore to sign up with the MSE Credit Club and check your Experian file every month.

    Just because someone has an annual salary or pension of less than £1,000 should not preclude them from signing up for this service. Also, they may have significant investment income which is included in a separate section.

    In a case like this, to use the service, there is no option other than to lie on the MSE Credit Club declaration. I am sure that this is not what MSE intended..
    • Torry Quine
    • By Torry Quine 16th Jul 17, 9:31 PM
    • 16,949 Posts
    • 25,850 Thanks
    Torry Quine
    • #7
    • 16th Jul 17, 9:31 PM
    • #7
    • 16th Jul 17, 9:31 PM
    I understand that checking your credit file is a useful way to find if fraudulent applications have been made in your name. There is a good reason therefore to sign up with the MSE Credit Club and check your Experian file every month.

    Just because someone has an annual salary or pension of less than £1,000 should not preclude them from signing up for this service. Also, they may have significant investment income which is included in a separate section.

    In a case like this, to use the service, there is no option other than to lie on the MSE Credit Club declaration. I am sure that this is not what MSE intended..
    Originally posted by RG2015
    Well said. This is why I signed up and although I have no income had to put £1000
    Life is like riding a bicycle, to keep your balance you must keep moving . Albert Einstein.

    I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
    Diana Gabaldon, Outlander
    • RG2015
    • By RG2015 16th Jul 17, 9:49 PM
    • 297 Posts
    • 106 Thanks
    RG2015
    • #8
    • 16th Jul 17, 9:49 PM
    • #8
    • 16th Jul 17, 9:49 PM
    I understand that checking your credit file is a useful way to find if fraudulent applications have been made in your name. There is a good reason therefore to sign up with the MSE Credit Club and check your Experian file every month.

    Just because someone has an annual salary or pension of less than £1,000 should not preclude them from signing up for this service. Also, they may have significant investment income which is included in a separate section.

    In a case like this, to use the service, there is no option other than to lie on the MSE Credit Club declaration. I am sure that this is not what MSE intended..
    Originally posted by RG2015
    To MSE Officials.

    Are you able to review this condition of the MSE Credit Club?

    Many thanks,
    RG
    • RG2015
    • By RG2015 10th Sep 17, 12:50 PM
    • 297 Posts
    • 106 Thanks
    RG2015
    • #9
    • 10th Sep 17, 12:50 PM
    • #9
    • 10th Sep 17, 12:50 PM
    I understand that checking your credit file is a useful way to find if fraudulent applications have been made in your name. There is a good reason therefore to sign up with the MSE Credit Club and check your Experian file every month.

    Just because someone has an annual salary or pension of less than £1,000 should not preclude them from signing up for this service. Also, they may have significant investment income which is included in a separate section.

    In a case like this, to use the service, there is no option other than to lie on the MSE Credit Club declaration. I am sure that this is not what MSE intended..
    Originally posted by RG2015
    To MSE Officials.

    Are you able to review this condition of the MSE Credit Club?

    Many thanks,
    RG
    Originally posted by RG2015
    Is it possible for an MSE staff member to respond to this issue?
    • Twopints
    • By Twopints 10th Sep 17, 1:11 PM
    • 1,393 Posts
    • 1,882 Thanks
    Twopints
    No-one from MSE reads all the threads, so not likely to reply on here. Maybe try the Site Feedback part of the forum?
    Not even wrong
    • RG2015
    • By RG2015 10th Sep 17, 1:58 PM
    • 297 Posts
    • 106 Thanks
    RG2015
    No-one from MSE reads all the threads, so not likely to reply on here. Maybe try the Site Feedback part of the forum?
    Originally posted by Twopints
    Thanks, I am used to a forum where the moderators read all of the posts. I can see now that this makes sense for a site of this size.
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