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CRA's worthless scoring system should be made a sticky..
BugsyBrowne
Posts: 5,697 Forumite
Don't shell out to find your 'credit score'. I often hear "my credit score's 900 but I got rejected". Yet 'scores' flogged by credit agencies are only lightly indicative. In reality, each lender scores you based on its own secret, unpublished algorithm assessing not just your file, but any past dealings with you as well as your application form.
Also Banks like to workout your debt to income ratio this is where CRA's don't take this in so on that basis very worthless.
Also Banks like to workout your debt to income ratio this is where CRA's don't take this in so on that basis very worthless.
Experian & Equifax's worthless credit scores be made a sticky 47 votes
YES
76%
36 votes
NO
23%
11 votes
0
Comments
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Come on people get voting don't let Experian & Equifax get richer while taking the public for a ride.0
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Will bump this up every 12 hrs for 100 days.0
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How come you've suddenly started posting useful things instead of your usual dross then?!0
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sharpy2010 wrote: »How come you've suddenly started posting useful things instead of your usual dross then?!
Dross is a mass of solid impurities floating on a molten metal. It forms on the surface of low-melting-point ...0 -
Ah, back to posting nonsense then.0
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I do agree in principle although I think you may need to reword your poll to be a little less negative sounding as I can't see that going down well with forum administration.
John0 -
Quite,
Did you all see my post demonstrating how Experian now rate me "Excellent" with a 980 score against a file that contains six defaults and a BR order?
Yet my mum who's never missed a payment in her life and has no adverse credit atall, but does have a thorough portfolio of well run credit cards and loans, with few recent searches and low balances gets rated 801 "Fair".
It's a load of codswallop.Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
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Quite agreeFor everthing else there's mastercard.
For clampers there's Barclaycard.0 -
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No but it's a little to harsh to be made a sticky IMHO.
Needs to be totally impartial, unbiased and absolutely factual without any opinion or emotional perspectives in it
Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
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