Clearscore

[Deleted User]

It's because the credit score is entirely made up and mostly random. It will increase once the current heat wave goes and the temperature drops.

As long as your history is accurate and you manage your credit responsibly, that is all that matters.

BBOA

Hi thanks for your reply,

I’m interested to know how you can both qualify the statement that a credit score doesn’t exist.
Because I thought it was obvious that if someone, has say a credit score of 250 vs 900 it’s fairly that the person with a credit score of 250 is going to struggle for a credit card where as the person who has a rating of 900 won’t.

redux

Deleted_User wrote: »

It's because the credit score is entirely made up and mostly random. It will increase once the current heat wave goes and the temperature drops.

Actually my Clearscore score has been very steady, exactly the same for about 15 months, despite an increasing balance on a 0% on purchases offer

But I've only logged in to look at it 3 or 4 times.

Maybe they only change it if they think you're more interested.

[Deleted User]

BBOA wrote: »

Hi thanks for your reply,

I!!!8217;m interested to know how you can both qualify the statement that a credit score doesn!!!8217;t exist.
Because I thought it was obvious that if someone, has say a credit score of 250 vs 900 it!!!8217;s fairly that the person with a credit score of 250 is going to struggle for a credit card where as the person who has a rating of 900 won!!!8217;t.

No. Because there is a good chance that the person with the 900 score is bankrupt, or 18 years old or has simply never used credit.

Lenders don't rate those groups as highly as Experian et al.

Credit scores generally reward inactivity.

BBOA

So that being the case how do you approximate your credit worthiness ? Because based on my knowledge of how these things work, and my credit management etc my should be significantly higher than it is. And still no explanation as to why on july and August my credit score has dropped 25+ points.

[Deleted User]

Well, precisely my point.

You base it on your credit history. Mainstream lenders are looking for an absence of late payments, overlimits, defaults and CCJs.

Stay away from your limits and don't carry balances unless on a 0% promo.

Don't let your limits get so high that it would concern lenders if you maxed them out tomorrow.

Make sure you're on the ER.

Generally, all common sense stuff, with a few quirks for each lender thrown in.

BBOA

Hmm ok thanks for that. I will bear in mind,

Reverting to the original question is there any reason why Clear Score would publish my credit score for the next two months on my report, and how do do closed accounts with zero balances affect my file?

[Deleted User]

Closed balances with zero balances will simply show on your file, so no reason why they should cause concern or otherwise to lenders as long as they were previously well managed and you still have other credit available to you.

As for the score, it doesn't matter. Could be an error, could be that they're into predicting the future, cold be that they're going on holiday so making the scores up in advance.

binaryuniverse

Last 6 months, my Clearscore number has been going steadily down. My MSE (Experian) one has been going up. Noddle one has been hovering around the same area.
They can't all be right, can they? Maybe I'll just pick the one I like the sound of more.

It's all immaterial anyway. As has been stated, ignore the number. As long as you have a good history and can demonstrate you can handle credit, long term, you'll be fine.

BBOA

Ok where do you stand in terms of making credit applications? How do I base my suitability ifam ignoring my clear score rating