Noddle credit rating

Consumerist

The_Boss wrote: »

Why should this be the case?

Err . . I wrote the following

It seems odd that your "rating" has dropped for no apparent reason and should be investigated. Applications for credit/loans or cards can have this effect for a while but if you have not applied for anything recently then you ought to consider the possibility that someone is using your identity to apply for credit.

Have you got a point to make?

Cherryfaze

Consumerist wrote: »

Clearing your debt (e.g. credit cards) regularly each month will probably help.

That's what I've been doing for a year. I have no debt and pay my credit cards off in full each month. The £44 was this months bill as such.

The_Boss

Consumerist wrote: »

Err . . I wrote the following


Have you got a point to make?

Yes, I've just advised that Noddle 'credit ratings' (which are meaningless) change without reasons. So why should you investigate a change in a meaningless figure? People just need to continue to look at the data, not the pointless ratings.

Also to add - there are no searches recorded on my Noddle account for any of the four financial products I've applied for this year, so how would I know if people have been applying unsuccessfully for credit in my name?

Consumerist

Cherryfaze wrote: »

That's what I've been doing for a year. I have no debt and pay my credit cards off in full each month. The £44 was this months bill as such.

In that case I wouldn't worry too much about a 20 point drop; it's out of 999 or something, isn't it?

Noddle gives me a score out of 5 - that's accurate enough for me.

Consumerist

The_Boss wrote: »

Yes, I've just advised that Noddle 'credit ratings' (which are meaningless) change without reasons. So why should you investigate a change in a meaningless figure? People just need to continue to look at the data, not the pointless ratings.

Just because you say so doesn't make it necessarily so.

Also to add - there are no searches recorded on my Noddle account for any of the four financial products I've applied for this year, so how would I know if people have been applying unsuccessfully for credit in my name?

I suggested investigating it - not necessarily using Noddle.

I merely take the view that unexpected changes on credit reports should be investigated. You clearly have a more cavalier attitude. That, of course, is your prerogative but I wouldn't recommend it to others.

CRISPIANNE3

Joe_Bloggs wrote: »

I was a 5/5 Noddle score rated person. I then opened a Flexdirect current account to collect account the 5% interest on 2.5K. This change alone doubled the number of current accounts that Noddle reports and reduced my 'score' to 4/5.

According to Noddle having too many current accounts presents the owner as a credit risk.


J_B.

Find their explanation very hard to believe I have 9 current accounts and overdraft facilities of £15,000 available (but not used) and my score has never changed from 5/5.

matttye

Joe_Bloggs wrote: »

I was a 5/5 Noddle score rated person. I then opened a Flexdirect current account to collect account the 5% interest on 2.5K. This change alone doubled the number of current accounts that Noddle reports and reduced my 'score' to 4/5.

According to Noddle having too many current accounts presents the owner as a credit risk.

TheSeptember noddle newsletter did have an intriguing point in that Facebook / Twitter /Social media associates and online habits could be taken into consideration in credit scoring by the end of the year. Noddle also invite you to comment on facebook or twitter.

Will we have to trawl social media to root out unsuitable acquaintances and check for those with similar names / aliases that could be harming our credit chances ?

J_B.

I saw that.

That kind of discrimination would be staggeringly stupid. I actually checked it wasn't 1st April when I read it!

What the hell have my friends go to do with my own creditworthiness? I don't pick friends based on how good they are with their finances.

The_Boss

Consumerist wrote: »

Just because you say so doesn't make it necessarily so.

I suggested investigating it - not necessarily using Noddle.

I merely take the view that unexpected changes on credit reports should be investigated. You clearly have a more cavalier attitude. That, of course, is your prerogative but I wouldn't recommend it to others.

My attitude isn't cavalier at all. I check the data and don't care about the score. Everyone should be checking the data on their report but without obsessing over changes to these worthless scores.

You-kip

Consumerist wrote: »

In that case I wouldn't worry too much about a 20 point drop; it's out of 999 or something, isn't it?

Noddle gives me a score out of 5 - that's accurate enough for me.

I calculate my own scores which is a lot more accurate.

Do I work YES
Do I pay my bills on time YES
Do I have a long history of paying back debt YES
Have I lived at my address long YES
Do I ever get turned down for credit NO
Do I pay £14.99 for a score when I've just done it myself NO


My score is 1000 points.

Cheers

Joe_Bloggs

In mitigation for my decreased Noddle score I did order a DVD Box set of a TV show that was only three fifths shown on UK TV.

I am resigned to the fact that the noddle score is meaningless and they may possibly hold inaccurate details upon you, unless you can be bothered to attempt to correct them.

@matttye
*** !!!! Credit Report !!!! ***
Are your friends dragging your credit score into the ground ?
Is there anyone apparently impersonating you?
Find out now with twaddle media score. Yours free for giving us all your details that we may mess up anyway.