Credit "score"

thomathy

Anyone who reads this board knows there is no such thing.

Nonetheless, amused by my wild variance between a 1/5 Noddle score vs 976/1000 Experian score, seemingly on similar data.

Just goes to show, the scores are not worth a bean.

The_Boss

I'm amused by those with defaults and excellent Experian "credit scores"

dranzer01

Are you saying if you have a default on your file you can never attain the excellent pinnacle?

dranzer01

The_Boss wrote: »

I'm amused by those with defaults and excellent Experian "credit scores"

could you possibly explain your first paragraph in more detail in your signature...? quite interesting...

20aday

dranzer01 wrote: »

Are you saying if you have a default on your file you can never attain the excellent pinnacle?

The OP is saying that the meaningless, computer generated score is laughable because there are people out there with a terrible credit history who are given scores of 999 by Experian!

Yet someone who maintains their history well could only get, say, 698.

matttye

dranzer01 wrote: »

could you possibly explain your first paragraph in more detail in your signature...? quite interesting...

The credit scores sold by experian, equifax etc are meaningless as no lender sees them and they fail to take into account massively important data such as your salary and employment situation.

dranzer01

The plot thickens...

clanger69

Hi. Wonder if anyone can give me some advise. Was declared Bankrupt 3 years ago and just finished paying into the agreed 3 year arrangement. I was discharged after 1 year. I've logged into my credit file today and there is no trace of the bankruptcy or any of the old defaulted accounts and my rating says EXCELLENT with a score of 966. Does this mean I am no longer a bad debtor and could apply for a credit card without any problems???

Tixy

clanger69 wrote: »

Hi. Wonder if anyone can give me some advise. Was declared Bankrupt 3 years ago and just finished paying into the agreed 3 year arrangement. I was discharged after 1 year. I've logged into my credit file today and there is no trace of the bankruptcy or any of the old defaulted accounts and my rating says EXCELLENT with a score of 966. Does this mean I am no longer a bad debtor and could apply for a credit card without any problems???

Did you get copies of your credit files from all 3 agencies? does it not appear on any of them?

It would be unusual for your bankruptcy not to appear if only 3 years ago. Do you still live at the same address as you were at then? does that address appear on your credit file you looked at (under previous addresses).

A potential lender will see whatever information in on the agency files they happen to search. Some potential lenders additionally ask if you have ever been bankrupt, in which case you would obviously need to declare it.