New MSE Credit Checker Tool - Please help us test if you have 5 mins

PROLIANT

Same old crap though that everybody says, it seems that underwriters are taking less interest these days in using some common sense and experience to assess applicatios, so they just rely on the computer says no! :mad:

angelfairy

worked fine for me

Former_MSE_Dan

Thanks for all the help so far guys - the techies are working on fixing the couple of glitches pointed out.

On a point made by a few of you, this is very much seen by us as a 'guide', and absolutely not definitive. Hopefully once we have written the article to go with it this will be very clear

Dan

Paul_Herring

I found it to be very slow (FF3.0.1 under Linux PCLinuxOS 2.6.24.4.tex3) moving from question to question. Is there any reason for not putting all the questions on one page (or at least more than one if later questions are dependant on earlier answers) ?

gowgowuk

Hi
It works fine for me. Some questions are a bit difficult to answer, like the one on full payment: I have 2 cards that I use for shopping where I usually pay the full balance and 2 cards on which have a 0% balance transfer on which I pay the minimum monthly. Should I say yes or no?

nzseries1

I know some people have reported some of these things, but here are my findings:

In the question
"How many credit accounts (e.g credit/store cards, mobile phone contracts, loans, mortgages or current accounts) have you applied for in the last 6 months?"
There's no way of putting in 7. It's either 6, or more than 7 (8, 9, 10 for instance).

Same with the question:
"How many credit or store cards do you actually have – whether you use them or not? "
There's no way of putting in 3.

Same with the question:
"Apart from credit and store cards, how many other credit accounts do you owe money on? "
There's no way of putting in 2.

Otherwise, great.

MrsBartolozzi

Yeah, I agree with some earlier posters, the quiz works fine for me, and I get an Excellent score, but I have no income at the moment and feel it is likely that I would be declined a card. Maybe add an income option?

Thanks guys,
MrsB.

YorkshireBoy

I take no pleasure from saying this but I think that, just as I do with the moneysupermarket 'smart search' tool, it's a gimmick.

Perhaps it's biggest failing is that, like the aforementioned 'smart search', it doesn't ask for income or current indebtedness...surely two of the most crucial factors in credit 'scoring' which together determine affordability. Nor does it look at stability factors (other than time at address)...another major element to credit scoring.

Still, at least you don't have to pay £5.99 for this 'guide' to your credit-worthiness.

LongTermLurker

No problems with speed on FF2/W2K

Same as someone above said, it's a bit simplistic and quite presumptious; no option to select a salary bracket, or outgoings as a %age of income - someone with loads of cards, but who has been with the same bank for 20 or 30 years and has outgoings of only 10% of their income could get quite a low score. Conversely, someone who has a 7x salary mortgage, but always pays their bills on time, could be given a high score, despite the fact they're struggling to make ends meet after paying their mortgage.

As many have said, the "more than x" statements should be replaced by "x or more"

LongTermLurker

YorkshireBoy wrote: »

I take no pleasure from saying this but I think that, just as I do with the moneysupermarket 'smart search' tool, it's a gimmick.

Perhaps it's biggest failing is that, like the aforementioned 'smart search', it doesn't ask for income or current indebtedness...surely the most crucial factors in credit 'scoring' which together determine affordability. Nor does it look at stability factors (other than time at address)...another major element to credit scoring.

Still, at least you don't have to pay £5.99 for this 'guide' to your credit-worthiness.

wow - we both typed that together :cool:

Why can't I thank you? Who's nicked the button?

edit - and as if by magic, the button appears!