Experian says I'm POOR, Equifax says I'm EXCELLENT

spidydotnet

I really can't understand how these credit file agencies work. couple of weeks ago my score was 902 and was good on Experian, now it is 703 and it says POOR.

I logged onto Equifax and it says 507 you are EXCELLENT. These guys are driving me nuts. I am about apply for remortgaging my property and very concerned. Any help is appreciated.

Ta
SK

Malmo

spidydotnet wrote: »

I really can't understand how these credit file agencies work. couple of weeks ago my score was 902 and was good on Experian, now it is 703 and it says POOR.

I logged onto Equifax and it says 507 you are EXCELLENT. These guys are driving me nuts. I am about apply for remortgaging my property and very concerned. Any help is appreciated.

Ta
SK

Hi Spidydotnet,

The scores provided by the 3 main agencies (Experian, Equifax, Callcredit/Noddle) are meaningless and are not seen or visible to anyone other than the agency and you.

In the UK, individuals are not assigned a universal or central credit score (they are in the USA though, I believe). Lenders use information held by the agencies, supplemented with information from other sources (such as wage slips, if applying for a mortgage) to evaluate customers based on the lender's own criteria/rules that determine their ideal customer. So pay no attention to these scores.

If you need access to your reports from this point onwards, just obtain the statutory report from each agency, which costs £2 per report. You do not need the score as it is immaterial.

stator

Probably something that is only reported to your Experian credit file. Get a copy of all three reports and see what it is.

spidydotnet

Thank you Malmo & Stator