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Experian, Equifax and Noddle 'scores' and 'ratings' have little value

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  • Hopelessly_Hopeful
    Hopelessly_Hopeful Posts: 2,868 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    The_Boss wrote: »
    Bumping this as credit scores are being discussed on the Martin Lewis show tonight so no doubt there will be some confused people. Hopefully Martin will highlight the bits that Experian deliberately withhold.


    Ooohh thanks for letting us know. My noddle score has just gone upto 2 but I don't know how they decided it!

    HHx
  • The_Boss
    The_Boss Posts: 5,856 Forumite
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    Hopelessly_Hopeful wrote: »
    Ooohh thanks for letting us know. My noddle score has just gone upto 2 but I don't know how they decided it!

    HHx

    They probably plucked it out of thin air :rotfl:

    The Experian rep who is on tonight posts here but never addresses the obvious flaws in their score. I'm concerned that it is just going to be a friendly love-in.
  • moohound
    moohound Posts: 1,209 Forumite
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    Checking/improving credit scores seems to be modern obsession, especially for the debt burdened who really don't need more credit.
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  • moohound
    moohound Posts: 1,209 Forumite
    Debt-free and Proud!
    Hopelessly_Hopeful wrote: »
    Ooohh thanks for letting us know. My noddle score has just gone upto 2 but I don't know how they decided it!

    HHx

    mine is probably a negative number :rotfl:
    ISA £1675 :DMiniMoohound savings £3685.86 :T Plus £3800 CTF :)
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  • The_Boss
    The_Boss Posts: 5,856 Forumite
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    Quick thought...could we not make an FOI request to Experian for data that is held on us or are we effectively doing that by making a statutory request? Just thought that FOI requests were free?
  • Hopelessly_Hopeful
    Hopelessly_Hopeful Posts: 2,868 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    The_Boss wrote: »
    Quick thought...could we not make an FOI request to Experian for data that is held on us or are we effectively doing that by making a statutory request? Just thought that FOI requests were free?


    I think you have to pay a nominal fee for FOI. SAR requests are a tenner. You SHOULD get more than your credit report if you do a request as it should include anywhere you are mentioned between the creditors and them.

    HHx
  • Hopelessly_Hopeful
    Hopelessly_Hopeful Posts: 2,868 Forumite
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    moohound wrote: »
    Checking/improving credit scores seems to be modern obsession, especially for the debt burdened who really don't need more credit.

    I hear what you are saying but sometimes it is just about setting the record straight. For example FD made a recent error with mine. To be fair to them they accepted it and are getting it changed within the week which is fair play, we all make mistakes. Needs to be straight because none of us know what the future holds.

    HHx
  • Hopelessly_Hopeful
    Hopelessly_Hopeful Posts: 2,868 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    The_Boss wrote: »
    They probably plucked it out of thin air :rotfl:

    The Experian rep who is on tonight posts here but never addresses the obvious flaws in their score. I'm concerned that it is just going to be a friendly love-in.


    Oooooh is it the dishy one? Might have to catch it on iplayer too :rotfl::rotfl:

    HHx
  • The_Boss
    The_Boss Posts: 5,856 Forumite
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    Hopelessly_Hopeful wrote: »
    Oooooh is it the dishy one?

    I wouldn't really know ;)
  • fermi
    fermi Posts: 40,542 Forumite
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