Noddle - absolutely useless, thanks for the tip Martin :(

TeacherMia

Mylo the moggy "it's what's in the report that's important, eg. bankruptcies or CCJs, late payments/defaults etc."

That's why I cant understand the noddle rating. I have no CCJ, always paid my bills on time but my ex husband abused some joint accounts post divorce and affected my score, hence I have tried to actively keep a good eye on them and subscribe for alerts on changes etc.

fermi

Noddle are part of Callcredit. Noddle is just a free service from them that gives you a monthly snapshot of your callcredit report.

Data on both should be the same on the date of the snapshot.

Ignore scores on both. Make sure the factual data is correct, bearing in mind that anecdotally fewer creditors report info to callcredit/Noddle so just becasue an account doesn't show that doesn't necessarily indicate an error.

As a free report, Noddle make money for callcredit by all the bolt on extras that arguably you do not ever need. Plus on getting referral fees if you take up their recommended offers and vouchers.

Take the basic free report from Noddle and you are getting the most valuable thing on there.

DCFC79

Nothing wrong with noodle.

How many months did you pay them the £30 ?

JKSandy

Sorry I may have misled you, Noddle information is from Call credit, not sure if it is the same company but the same information.

Buzby

The point is 'revenue maximisation' nothing more. All the CRA's are set up to suck in as much information as they can on UK residents. They then charge firms a fee to access this constantly-changing data stack, and they look to maximise this.

They do this by selling this information back to the data subject, and adding nonsensical statistics based on what they think their corporate clients might think the data subject is 'worth' by extrapolating the data. It means nothing, but for those too gullible to know, they happily push you into a monthly DD commitment (to pay for data that may really only changes quarterly).

CallCredit was the last of the 3 firms created, and charges it's clients less to view the data they hold, so that's why their data capture is less comprehensive than the other two. But that's what 'competition' is all about.

fermi

TeacherMia wrote: »

That's why I cant understand the noddle rating. I have no CCJ, always paid my bills on time but my ex husband abused some joint accounts post divorce and affected my score, hence I have tried to actively keep a good eye on them and subscribe for alerts on changes etc.

It's stupidly useless. I had a bankruptcy and default accounts on my report. When they dropped off my Noddle score went DOWN. Truly daft.

As has been said, a mortgage lender does not see or care what your Noddle score is, so neither should you.

TeacherMia

Thanks everyone for your reassurance.

Oh the £30 was for a year that i now wish I hadn't spent, lesson learn't.

Nebulous2

The key is to use the information that you get from them and ignore the score. There are several different ways to use it, eg
Check the information is accurate and if not try to get it corrected.
Change things that you know will make a lender look at you less favourably. So make sure you are on the electoral roll for instance and if it still shows you have a financial association with your ex, try to get it changed.

The_Boss

TeacherMia wrote: »

TheBoss - OP isn't making false claims, just expressing my concern at how Noddle score me/us. Read more than the post above your own and you'd have seen that.

Martin has suggested (historically..it was the only reason I had ever heard of Noddle) they should be used by those monitoring their score, as we all should.

I have ever right to be concerned when a company who paint a financial picture of me a wildly away from correct.

The reason Experian/Equifax scores are correct is that they are contactable, and act on information you give them. In my experience they have been good to work with on errors.

You try and get through to Noddle, impossible.

SO my true question is how can two companies have one 'image' of my credit score/worthyness and one be so different.

After several years of improving my score to find Noddle so far off is concerning in many ways.

For the record. I did not state Martin said to use the 'paid' for service, but I did so to gain access to benefits and because my score is so important to me at (with current house purchase). Martin did say to use Noddle, and they are a farce.

The point of this is to make others in my position aware, and to compare their Noddle report to others they have to see I they too are badly represented when other agencies show a completely different picture.

JKSandy - Not applying mortgage via Noddle?? but keen to check all my scores while applying.

We've already explained why these 'scores' from CRAs are worthless so I won't cover that. But please tell me where Martin recommended paying Noddle £30? Unless you can, then your claims are false.

The recommendation is to check the DATA on your credit files to ensure it is accurate.

TeacherMia

The_Boss wrote: »

We've already explained why these 'scores' from CRAs are worthless so I won't cover that. But please tell me where Martin recommended paying Noddle £30? Unless you can, then your claims are false.

The recommendation is to check the DATA on your credit files to ensure it is accurate.

Yes its been explained, yes, I now understand, and thanked everyone for their advice, so yes, there is no need to cover that.

Can you tell me where I said Martin told me to spend £30.
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Well save you the time I didn't, so there no was a false claim?

I said I am disappointed in Noddle as a service, after Martin had recommended them in a mailshot and or tweet a while ago. I found them impossible to deal with, and as such can come on a forum which has him on the banner and give that feedback.

As OP, my concern was from the viewpoint of someone who had spent alot of time and effort to have a good credit rating seeing another company give me a bad score and for advice on that and others experience with them (Noddle). Your obviously very helpful on these forums but your first post jumped to a conclusion and you've continued it.

Thanks again to all, Mia.