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Experian
BLT_2
Posts: 1,307 Forumite
Boy do I feel foolish. Having ignored the advice offered by all and sundry that Experian are pointless I recommenced my subscription, now picture this as a reflection of their accuracy.
Jan 2011 - Debts of 32,000 - Credit Score 898 - Very Good
Mar 2011 - Debts of 8,000 - Credit Score 999 - Excellent
Apr 2011 - Debts of circa 1.5k - Credit Score 858 - Fair
Most amusingly the last one states my score is low because I have several outstanding agreements and the balance is very high. I can only assume they are taking into account my mobile phone contract and a small agreement for 48 pounds with HFC when I purchased an item online. I am sure many on these threads will agree with me that a total of 1.5k debt can hardly be construed as VERY HIGH.
I have emailed them and requested a refund for my last credit score as I fail to see how it can be correct given the previous figures. However my main reason for this post is to warn people not to waste their money on these totally ficticious scores.
The downside is that I now have to wait online for 20 minutes in their endless queue to cancel the damn subscription again
Jan 2011 - Debts of 32,000 - Credit Score 898 - Very Good
Mar 2011 - Debts of 8,000 - Credit Score 999 - Excellent
Apr 2011 - Debts of circa 1.5k - Credit Score 858 - Fair
Most amusingly the last one states my score is low because I have several outstanding agreements and the balance is very high. I can only assume they are taking into account my mobile phone contract and a small agreement for 48 pounds with HFC when I purchased an item online. I am sure many on these threads will agree with me that a total of 1.5k debt can hardly be construed as VERY HIGH.
I have emailed them and requested a refund for my last credit score as I fail to see how it can be correct given the previous figures. However my main reason for this post is to warn people not to waste their money on these totally ficticious scores.
The downside is that I now have to wait online for 20 minutes in their endless queue to cancel the damn subscription again
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Comments
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2011? Ahem....I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.
This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
How much available credit you have as well as how much you owe affects credit scoring. If you have not closed the accounts you have paid down between January and April (outstanding agreements) you will have a lot of available credit which will make you a higher risk.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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How much available credit you have as well as how much you owe affects credit scoring. If you have not closed the accounts you have paid down between January and April (outstanding agreements) you will have a lot of available credit which will make you a higher risk.
Oops I put all my previous dates as 2011, that shows how smart I am.
I have actually closed down all the accounts and my available credit sits at around 5k on one card, not what you would call a massive amount in todays era. It is a mystery to me how when I was maxed out on all my credit and couldn't borrow a pound from a tramp I could be assessed as Very Good, and now that I have closed most of it down I drop to Fair.0
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