Excellent credit score but cannot get a credit card

Experian_company_representative

No, the OP's financial associate has a CCJ. For data protection reasons we are not allowed to provide a score influenced by other people's data. The score, which is clearly explained on our website, gives you an indication of how a typical lender will assess YOUR credit report data. It's not the full story but it's an important part of the picture.

James Jones

CherlokHomes

Experian_company_representative wrote: »

No, the OP's financial associate has a CCJ. For data protection reasons we are not allowed to provide a score influenced by other people's data. The score, which is clearly explained on our website, gives you an indication of how a typical lender will assess YOUR credit report data. It's not the full story but it's an important part of the picture.

James Jones

I personally think your credit scoring system is spot on and a truly excellent product by Experian and very surprised why its only £14.99.

The_Boss

Experian_company_representative wrote: »

The score, which is clearly explained on our website

Oh no it isn't. I've quoted what it said before addressed to you and on none of the occasions have you replied to the points. When challenged you soon disappear.

The_Boss

All from Experian's website but Experian Company Representitive never replies to the below points :

Your Experian Credit ScoreYour credit status in a number! Your Experian Credit Score is based on the information provided in your Experian credit report and is given as a number ranging from 0-999. The higher your score, the more likely you are to get better credit deals!

This is not necessarily the case at all. What if you have an excellent "Experian score", a salary of £10k and apply for a loan of £15k? What if you have an excellent "Experian score" but are unemployed, work part time or are on benefits? What if you started your new job a month or so ago? Do you also not agree that "Your credit status in a number" is incredibly misleading since it is not the whole picture?

What does your score mean? Your Experian Credit Score is a snapshot of your current credit status. It is important that you check your credit score regularly to help minimise the damage that mistakes and potential fraudulent activity can have on your creditworthiness.

Why do you advise this when it is not necessary to check your credit score regularly to determine mistakes or potential fraudulant activity? Is it because it costs about £13 more than your statutory report, which it is important to check regularly?

Take control and improve your scoreYour Experian Credit Score is constantly changing along with your circumstances. View your credit score history to see how it fluctuates over time. If any factors are affecting your score, then our tools will flag up both the positives and negatives, allowing you to take action and improve your score.

Why is there no transparency in what other data lenders use as well as your own, and that therefore your 'credit score' is irrelevant by itself?

Davie2909

LindyLoo wrote: »

Even though my credit rating is an excellent 999 according to Experian
I have been refused a credit card with the only explanation being my OH has a CCJ. does anyone know a way round this problem. It was suggested that i should disassociate myself financially from him until his problem is cleared. Has anyone out there had a similar problem and how or what did you do to overcome it.

Do you have any CCJ's? If not then you need to contact credit expert and find out where this info is coming from

InsideInsurance

Experian_company_representative wrote: »

For data protection reasons we are not allowed to provide a score influenced by other people's data.

James, this raises an interesting point which I suspect you wont be willing to answer.

According to the above, if I apply as an individual directly to you to see my score you will only give me my score unaffected by any of my financial associates due to DPA.

If I apply as a sole individual to a financial institute however you will give that institute data related to the associates despite me having exactly the sale legal authority to give them permission to see it as I have to give you to show it to me directly.

Why does my authority change if I am going directly or indirectly to you?

CherlokHomes

InsideInsurance wrote: »

James, this raises an interesting point which I suspect you wont be willing to answer.

According to the above, if I apply as an individual directly to you to see my score you will only give me my score unaffected by any of my financial associates due to DPA.

If I apply as a sole individual to a financial institute however you will give that institute data related to the associates despite me having exactly the sale legal authority to give them permission to see it as I have to give you to show it to me directly.

Why does my authority change if I am going directly or indirectly to you?

Everyone should report James Jones's posts like they do when Spam posters advertise their loan broker sites etc because IMHO its no different as its all about how we can make money off the under educated desperate public.

YorkshireBoy

InsideInsurance wrote: »

James, this raises an interesting point which I suspect you wont be willing to answer.

According to the above, if I apply as an individual directly to you to see my score you will only give me my score unaffected by any of my financial associates due to DPA.

If I apply as a sole individual to a financial institute however you will give that institute data related to the associates despite me having exactly the sale legal authority to give them permission to see it as I have to give you to show it to me directly.

Why does my authority change if I am going directly or indirectly to you?

I suspect the reason Experian et al won't give you a score based on a financial associate's file as well is that you could work out that your financial associate had a 'bad' file (if you knew your own was very good)?

Re the lenders, it used to be possible to 'opt out' of joint credit searches, ie you could opt to have your application considered on purely your own data. Many (most/all?) lenders withdrew this option several years ago though, for obvious reasons!

But let's wait and see what Mr Jones comes back with.

InsideInsurance

YorkshireBoy wrote: »

I suspect the reason Experian et al won't give you a score based on a financial associate's file as well is that you could work out that your financial associate had a 'bad' file (if you knew your own was very good)?

How is that different to being turned down for credit when you have a good credit score and the bank says its because of the info from the CRAs?

JohalaReewi

InsideInsurance wrote: »

How is that different to being turned down for credit when you have a good credit score and the bank says its because of the info from the CRAs?

"its because of the info from the CRAs?" is the bog standard excuse when refused credit. Sometimes it is true but not always.