Noddle trying to scam punters out of £20 a year 24 August 2012 at 7:19PM edited 30 November -1 at 12:00AM in Credit File & Ratings 51 replies 71.8K views

SnowTiger

Oh well, I suppose it was only a matter of time.

Freebie credit report service, Noddle, is trying to scam its members out of £20 a year.



Apparently my "Credit Rating" is "5 /5."

Credit rating? Credit score? Will they give me six numbers for the lottery too? :rotfl:

At least the important stuff is still free. The charge is for an additional random number.

SnowTiger

Silky89 wrote: »

Knew it was only a matter of time before they'd charge. On well, Think I'll stick to £2 paper copies once a year

Looks like the other stuff will remain free. Paying £20 a year for a useless number and tips such as ensure you're on the register of voters and pay your bills on time is laughable.

chanz4

I don't think exisiting people are affected

patman99

If enough people had clicked on the sponsors adverts then they would have earned enough cash from them to pay their website costs without charging a fee.
Maybe if enough people were to start clicking the adverts then the fee would be dropped.

JuicyJesus

In fairness, the reports and indicative "credit rating" are still free, and £20 a year (while stupidly priced for a pointless number) is a darn sight cheaper than Equifax and Experian's offerings.

miketaff1408

I will be signing straight up for this!

It will be especially great to have another credit score so I can know how credit-worthy I am.

I hope they bring in a score that goes up to a thousand, not 999.

Most experian blokes will have a score of 999, where do you go from there?

If you need that extra push over the cliff, then you can turn the score up to a 1000.

A score of a 1000 so much [STRIKE]louder[/STRIKE] better as it is one more than 999

nathand_2

I completely agree with everything you just said except the last sentence.

Noddle do provide free credit reports which you have to pay for with other companies. They certainly aren't scamming people. The 'bolt-on' service doesn't give you a more in-depth look though does it. Your credit report has all the information you could need to come to your own conclusion. The number they give (like every other CRA) is crap and most people here know it.

pvt

miketaff1408 wrote: »

I will be signing straight up for this!

It will be especially great to have another credit score so I can know how credit-worthy I am.

I hope they bring in a score that goes up to a thousand, not 999.

Most experian blokes will have a score of 999, where do you go from there?

If you need that extra push over the cliff, then you can turn the score up to a 1000.

A score of a 1000 so much [STRIKE]louder[/STRIKE] better as it is one more than 999

Well I had always presumed it was a logarithmic scale - so:

999 is good;
998 is poor;
997 is totally uncreditworthy;
996 is Greece;

etc.

If there is a score of 1,000 then I can barely imagine what level of liquidity is required to achieve it - and it's probably like Schrodinger's cat: Merely looking at the score yourself is enough to knock it back down to 999.

dealer_wins

Agree with posters above re the 1000 score.

I mean ONE THOUSAND screams goodness. A GRAND.

Where as 999 just evokes feelings of calling the emergency services for a car crash or a fire.

I hear Wonga et al will roll out an online red carpet for anyone with a score of 1000, and will knock 1% of its 4214% APR automatically.

garynuman

I may be wrong but my interpretation is that your "credit rating" (i.e. the 1-5) score will remain on your report.

The optional "Noddle Improve" service (£20 p.a.) includes the normal "credit score".

But as EVERYONE on here now knows, BOTH are useless to a potential lender.

Gaz

broad-sword_2

Just back off holiday (paid for, and waiting for cashback I hasten to add), and this is all getting a bit boring now. Credit to the OP for raising this issue, but the obsession with credit ratings is nonsence to me. Maybe my circs are more fortunate than many others, but (once again), live within your means, etc, etc.