Which Credit Report is accurate?

mart3ndo

Hi folks,

I've been filling out a money plan which obviously included listing all my debts. I was using my noodle credit report for the details of debts I have ( I have quite a few).

I then went to clearscore to fill in any that were not on my noddle report, but a lot of debts on my clearscore are showing as closed.

Any ideas on which one is correct?

LplateSaver

Have the clearscore debts been sold on to a debt collection agency?

Experian_company_representative

Hi mart3ndo

mart3ndo wrote: »

Hi folks,

I've been filling out a money plan which obviously included listing all my debts. I was using my noodle credit report for the details of debts I have ( I have quite a few).

I then went to clearscore to fill in any that were not on my noddle report, but a lot of debts on my clearscore are showing as closed.

Any ideas on which one is correct?

As you've mentioned you have already viewed your Credit Report with both Noodle and ClearScore, you may well find a lot of similarities between those credit reports and one produced by another credit reference agency (CRA), but there are likely to be differences too.

Your credit report may include information taken from the public records, such as electoral roll details. Because this information is collected by all CRAs, it should be the same.

However, your report also includes information provided by lenders, such as which credit agreements you have and how you are repaying them. Because not all lenders share details about their customers with all CRAs, this information can differ between the CRAs.

Your credit report also includes information derived from activity on your report, such as the search footprints that are registered when your report is viewed. So if you apply for credit and the lender carries out a check with just one CRA – which many do – a footprint will only be registered with the CRA that was consulted.

You may want to obtain a copy of your credit report with each CRA to make sure that there are no other accounts/debts that are missing that you were aware of.

Regards
James Jarvis

mart3ndo

It's the same debts, same company name (or dca name where they have been sold on), same amounts.

Just clearscore shows them as closed whereas noddle shows them as active

Malmo

Just to be absolutely clear, so that you understand what you are looking at.

There are 3 Credit Reference Agencies in the UK. Lenders and other organisations may report to or search 1, 2 or all 3 agencies. Therefore, you will only get a complete picture of your credit history by reviewing data held by all 3 of the below:
1 - Experian
2 - Equifax
3 - Callcredit

Noddle is a brand AND a front end for data held by Callcredit.
Clearscore is a front end for data provided by Equifax.

It may be that the companies in question are reporting at different intervals / frequencies to each agency (Callcredit, Equifax), thereby resulting in the discrepancies.

Tixy

Do you not know from your own records which debts are paid off and which are still outstanding.

Just because an entry on a credit file shows as settled that doesn't necessarily mean that the debt has been paid off or is no longer due.

I would stick with getting your credit files from each of the 3 main agencies, not bother with 3rd party agencies.