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Difference in credit scores! :S
Comments
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somethingcorporate wrote: »You may as well measure it on the scale of lollipops and glowworms for all it means!
Agreed. You could have a score of 999 but be on job seekers allowance. No lender worth their salt will want to lend to you though.
What's the point in a credit score if not to assess creditworthiness?What will your verse be?
R.I.P Robin Williams.0 -
Not according to James...InsideInsurance wrote: »The score is calculated and is actually used, for insurers as an example,What you need to understand, however, is that this score is only a guide and is only seen by you.
http://experian.co.uk/consumer/questions/askjames301.html0 -
If I were the OP I would be concerned that the Credit Agencies are blatantly fleecing him/her of their hard earned cash by supplying a random irrelevant number.
It is a measure of nothing. If they want to sell something they should sell a "percentage chance of getting a ..." mortgage,loan or credit card and back it up with a money back guarantee.
I would like to see the government nationalize all the credit agencies and merge them into one (or close down two) and make it free to the public. Have one truth, easy to correct and keep up-to-date.
I'd love to see the FCA investigate the whole Credit Scoring "business".MFiT-T3 #149: {Q4/14} (£46,447)-->(£0) ~ +£46,447=100%
Mortgage Free: 1st October 2014 :j0 -
Who was it that produced their own credit score generator? It was just as accurate as Experian and Equifax's but completely free to check.0
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Experian_company_representative wrote: »The agencies all use different scales for their scores too, so you're comparing apples and pears. The Experian score uses the 0-999 range while Equifax is 0-600 I think.
James
Comparing apples and pears, but you'd be bananas to think they have any value.0 -
Who was it that produced their own credit score generator? It was just as accurate as Experian and Equifax's but completely free to check.
Try entering this in a cell in Excel -
=RANDBETWEEN(1;999)
It's as accurate and useful as the scores provided by the CRAs, but with the added benefit that by pressing F9, you can keep regenerating your score until you get one you like.0 -
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“Official Company Representative
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Posts by James Jones, Neil Stone, Stuart Storey & Joe Standen0 -
Try entering this in a cell in Excel -
=RANDBETWEEN(1;999)
It's as accurate and useful as the scores provided by the CRAs, but with the added benefit that by pressing F9, you can keep regenerating your score until you get one you like.
That's similar to the one they produced I think but with a button that you hit to generate the score.0
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