Eligibility Checks

izools

The price comparison sites do work along side the lenders to ensure they are representing the actual lenders credit scoring model as accurately as possible, it isn't just guess work...

stephane_2

izools wrote: »

The price comparison sites do work along side the lenders to ensure they are representing the actual lenders credit scoring model as accurately as possible, it isn't just guess work...

I would be very surprise that lenders would give these kinds of information to a comparison website, the formula they have is generally well guarded and often amended, the credit scoring they provide is very rough, and considering that most of those site uses Call Credit and we all know how inaccurate and unrealiable they are...

dominic7il

stephane wrote: »

I would be very surprise that lenders would give these kinds of information to a comparison website, the formula they have is generally well guarded and often amended, the credit scoring they provide is very rough, and considering that most of those site uses Call Credit and we all know how inaccurate and unrealiable they are...

Out of curiosity has anyone known a lender to search call credit? I certainly haven't - I hadn't even heard of call credit until a few days ago.

stephane_2

As far as I know, lenders tend not to use them but sometimes they do report account conduct to them

zerog

Halifax seems to use call credit sometimes.

izools

stephane wrote: »

I would be very surprise that lenders would give these kinds of information to a comparison website, the formula they have is generally well guarded and often amended, the credit scoring they provide is very rough, and considering that most of those site uses Call Credit and we all know how inaccurate and unrealiable they are...

Absolutely, yes, the information isn't exact and as you say, lenders change their scoring model all the times. More and more use neural-net scoring techniques which in fact means not only does the formula change on a continuing basis, no human may be privvy to said formula in it's pure form.

So the comparison sites aren't absolutely exact, and aren't just guesswork, they're somewhere in the middle.

Call Credit are only as accurate and reliable as the data given to them by the lenders. All of the data on my call credit file is accurate and up to date. If anyone finds different then they should be raising disputes with the lenders who uploaded inaccurate data to call credit in the first place.