Reports totally contradict each other!

MissOptimistic

Hi there, my Noddle report says my credit is 'very poor' - I have 5 defaults, although all are 5+ years old & will start to drop off from September. I have just signed up to credit experts free trial & my report says I have a score of 925 & my credit is classed as good. I know that the 'score' is not really relevant but why would it say I have good credit? I couldn't even get added onto my husbands joint current account recently even though it doesn't even have an overdraft facility.
any ideas why they would be so different, all hold the exact same information.

Candyapple

Just another example at how meaningless these 'scores' are.

Do the defaults show up on your Experian and Equifax files too?

Not all your financial dealings will show up across all 3 credit reference agencies, hence why you could be seen as having an excellent 'score' at one agency who might not show your default information, and a poor 'score' at another agency who will have information of your defaults showing.

MuddyFunster

As above, the scores are a nonsense.


Some lenders for example will only consider the last 3 years worth of data, some will consider 2, some will consider 'normal' data over the last 3 years, but will take CCJs into account for the full 6 years, some will consider defaults over 3 years old as 'historical' some won't.


Oh and they'll have different rules for every different product they sell and every types of customer, homeowner, tenant, living with parents, below 25, 26-50, over-50.


Oh, and far be it from me to suggest that, just perhaps Noddle might over-emphasise the extremes...


If their customers trust them, and they tell anyone with imperfect history their 'score' is terrible, and then offer to help them fix it for a few quid a month - do you think they'd sell more premium accounts than if they said "okay, not great" or the like? Most people have a pretty good idea of their credit worthiness without needing a number to tell them.

MissOptimistic

Thank you for your replies. Yes the defaults are showing on all 3 credit reference agencies. I'm pretty sure with that being the case, my score is not 'good'!