Help understanding statutory report

musashi10

Hi,

I just did my first ever statutory credit file report with equifax.

I have a few questions though.

1. Why do I not see an over all credit score? Do I need to pay extra for this?

2. Why are my pay day loans not showing?

nicp60

Hi there,

1. There is no such thing as a universal credit score. The credit reference agencies try and flog you a number, but it's quite meaningless as every lender looks at the data on your file and not a number.

2. Not sure about this one - it could be that they're too recent, or that the loan companies don't report to Equifax. You should check Noddle and experian too. Noddle is free, and experian is £2

IainHL

I believe it is the case that some of the PDLs only report to one of the CRAs, rather than the "normal" financial institution practice of reporting to all three.

It may also be the case that some PDLs only report if your account goes delinquent.