Free credit score

sfax

I can be informative and it can be a good guide but when it gets it so badly wrong for some people and ignores critical factors, you have to question its credibility. When it loses its credibility it becomes unreliable and that's not what you want when making important financial decisions

broad-sword_2

Thanks for taking the time to post the tip OP . It will benefit a lot of people, but I always pay up front (I know, there but for the grace of god....)

cos_2

I think that the CRAs here are trying to get the general scoring model accepted in the UK in the same way that the FICO score works in the USA. FICO uses models incorporating a variety of indicators to come up with a 'FICO score'. The FICO score is widely seen as an accurate indicator of your chances of getting different types and levels of credit.

It takes into account only the information provided by the CRAs (Equifax and Experian being the biggest US CRAs) and nothing about your income or employment or property ownership, etc., just like here. However, the models have been developed to such a sophisticated level that you know, if you tell the truth about income and so on, you will pretty much be guaranteed the loan that the FICO score indicates.

It's taken many years for the Fair Issacs Corporation to build their accuracy, and for it to work it needs a huge input from the CRA data, hence a huge payout to the CRAs.

Hence, the UK CRAs are pushing and pushing their scores ready for the day that there's a UK equivalent of FICO! The more we see them, the more we'll use them and, perhaps, the more accurate and useful they'll be.

A glance at Wiki here http://en.wikipedia.org/wiki/Credit_score_(United_States)#Makeup_of_the_FICO_score shows a bit more about how they build up your score.

forgotmyname

Shocked they have not posted saying their score is accurate but then continue to say its only a guide.

So you signed up for a free trial? Make sure you cancel it...

cos_2

Having said all that ^^ wouldn't it make sense for the CRAs to include their score in the price of the credit report? A kind of loss leader?

Hmm. Back to the drawing board with my theory I suppose

ETA - I'm referring to my own post above - someone else snuck in!

SnowTiger

tabby763 wrote: »

Hi

Just wanted to inform you how to get a free credit score from Equifax. If you look online, the options with joining a free trial are to get a free credit report but in order to get a credit score you have to pay £5.95 I wasn't happy to pay this so I called Customer services and asked them if I could get a free credit score with my free report and they informed me of their other free trial which is to get a free credit score which includes a free report. They said this isnt advertised online and is a service for people who join the free trial over the phone. Bit cheeky if you ask me but just wanted to let everyone know. Hope it helps.

I wonder what this is then?: http://www.equifax.co.uk/Products/credit/credit-score.html.

It's linked to from their home page.

Every other view you get an error page, but a refresh fixes that. It's probably a cookies problem, that only happens in Chrome and not Firefox. Odd.