Increased credit card use and credit rating

The_Boss

JKSandy wrote: »

I have d!jà vu.

Exactly - makes you wonder what the point of bothering is.

a4a

I don't understand why I am under attack for providing people with hard facts rather than just an opinion with no substance to it. If there is any evidence that these scores are meaningless then please can somebody provide it.

I have provided evidence from CRA's websites to support my beliefs, beliefs which I am entitled to have and should not be criticised for and even a member of Experian wrote on one thread that they did provide these scores to lenders but even that is not good enough.

If this is a discussion forum then there are likely to be different opinions but it seems I am not entitled to mine.

Donkey83

It's an interesting discussion, and for newbies like me who haven't seen previous threads/posts then its not a repeat.

a4a

Donkey83 wrote: »

It's an interesting discussion, and for newbies like me who haven't seen previous threads/posts then its not a repeat.

Thank you. After all that is what a discussion forum is all about.

The_Boss

a4a wrote: »

I don't understand why I am under attack for providing people with hard facts rather than just an opinion with no substance to it. If there is any evidence that these scores are meaningless then please can somebody provide it.

I have provided evidence from CRA's websites to support my beliefs, beliefs which I am entitled to have and should not be criticised for and even a member of Experian wrote on one thread that they did provide these scores to lenders but even that is not good enough.

If this is a discussion forum then there are likely to be different opinions but it seems I am not entitled to mine.

You are not under attack for "providing hard facts", you are being criticised for spamming in different places. Where are these hard facts? You are quoting from the CRAs out of context. Just because they build scoring matrices for others doesn't make the "scores" that they sell to the public accurate. And I"'ve given reasons why before that you just won't listen to (different lenders with different scoring criteria for different products).

And as much as you believe that my stance has no substance, years of seeing people with excellent or perfect "scores" rejected and incredulous at this, while people with defaults also receiving excellent scores is evidence alone, let alone the numerous other scenarios. How many peoples accounts have you read?

a4a

The_Boss wrote: »

You are not under attack for "providing hard facts", you are being criticised for spamming in different places. Where are these hard facts? You are quoting from the CRAs out of context. Just because they build scoring matrices for others doesn't make the "scores" that they sell to the public accurate. And I"'ve given reasons why before that you just won't listen to (different lenders with different scoring criteria for different products).

And as much as you believe that my stance has no substance, years of seeing people with excellent or perfect "scores" rejected and incredulous at this, while people with defaults also receiving excellent scores is evidence alone, let alone the numerous other scenarios. How many peoples accounts have you read?

Well I didn't know I was spamming by cutting and pasting to save retyping but if thats the case I wont do it again.

I am not quoting from CRA's out of context and if you read their sites in detail you will see what it says. Also, as I said before, a member of experian has expressly stated on this site that they provide these scores to lenders, so if he is lying in writing it should be easy to sue him.

Yes you have given reasons, which I have listened to, but I believe they are blinkered because you are only quoting those that are inaccurate and also keep referring to full applications. You may want to read my other post before answering this point. I can only speak from my own personal situation, and that is for years my CRA score has remained fairly consistent with how I would score it in lenders eyes BEFORE taking into account income etc on a full application.

For your information, I have seen many peoples credit files over the years for reasons I wont explain now but I am not unfamiliar with this whole industry.

The_Boss

Are you going to name any lenders that utilise the same "credit score" as the public "credit score"?

Because for all your belief in the CRAs you have no idea if there is evidence to back up which (if any) credible lenders use the same score that the public see. A lender could be a one man band rather than a blue chip company. Have any CRA specifically said that they sell the public "scores" to credible lenders and if so which lenders and what do they define a lender as?

As stated, some lenders use scores from CRAs that are generated using different matrices to the public scores, which is very different from the point you keep making.

a4a

The_Boss wrote: »

Are you going to name any lenders that utilise the same "credit score" as the public "credit score"?

Because for all your belief in the CRAs you have no idea if there is evidence to back up which (if any) credible lenders use the same score that the public see. A lender could be a one man band rather than a blue chip company. Have any CRA specifically said that they sell the public "scores" to credible lenders and if so which lenders and what do they define a lender as?

As stated, some lenders use scores from CRAs that are generated using different matrices to the public scores, which is very different from the point you keep making.

Re: using same scores ditto to you. Have you any evidence that they DON't use the same score?

Re: which lenders use these scores, re-read post 28 above. You will see that over 150 leading UK financial institutions use their scoring system.

But its all pointless because you seem to want to argue and accuse me of things rather than discuss and look at anyone else's opinion.

fawnsinthegarden

F**k me, it's hardly Vietnam on these boards, no one is 'under attack'.

You're preaching your beliefs with a loosely quoted quote from a CRA which is far from fact by a long shot, it is akin to the Jehovah's Witness of the credit world, no offence to Jehovah's Witnesses intended. People have provided consistent evidence but you overrule it by a 'friend who once worked in the industry' who has no clue on lending criteria as much as the next person more relevant than current info. My goodness I used to work for the second biggest high street bank in the country once upon a time, doesn't make my facts any more relevant that anyone elses facts, facts are facts whether they float your boat or not.

As far as we understand it, you do not understand credit or the system it works on. You keep pushing an agenda that doesn't exist and frankly, I think we are getting bored of it as you provide no valid evidence and are constantly misquoting just about anything that may loosely fit your opinion. I would never infringe on your beliefs my friend but I do exercise my right to disagree and then not give a hoot, more because the more we try to help you the more you argue.

It's probably best to say, avoid credit and you will be fine.

a4a

fawnsinthegarden wrote: »

F**k me, it's hardly Vietnam on these boards, no one is 'under attack'.

You're preaching your beliefs with a loosely quoted quote from a CRA which is far from fact by a long shot, it is akin to the Jehovah's Witness of the credit world, no offence to Jehovah's Witnesses intended. People have provided consistent evidence but you overrule it by a 'friend who once worked in the industry' who has no clue on lending criteria as much as the next person more relevant than current info. My goodness I used to work for the second biggest high street bank in the country once upon a time, doesn't make my facts any more relevant that anyone elses facts, facts are facts whether they float your boat or not.

As far as we understand it, you do not understand credit or the system it works on. You keep pushing an agenda that doesn't exist and frankly, I think we are getting bored of it as you provide no valid evidence and are constantly misquoting just about anything that may loosely fit your opinion. I would never infringe on your beliefs my friend but I do exercise my right to disagree and then not give a hoot, more because the more we try to help you the more you argue.

It's probably best to say, avoid credit and you will be fine.

Not seen any evidence, let alone consistent evidence, just opinions and don't see how I am arguing as opposed to discussing but so be it.

Can't really see the point of this site if its just about being told 'this is how it is, take it or leave it' without being allowed to disagree or challenge it but if thats the case I will bid you goodnight.