Barclaycard & Free Experian Credit Score

SnowTiger

20aday wrote: »

Slightly off topic here but Tesco Bank are to offer the Noddle service for their Foundation Credit Card customers (saw it in the paper today).

Halifax has been offering it for a while, too.

Noddle is free anyway.

JeffreyR

I think is pretty awesome. Handy and stops me having to sign-up for free trials all the time and not remembering to cancel them in time!

grumbler

JeffreyR wrote: »

I think is pretty awesome. Handy and stops me having to sign-up for free trials all the time and not remembering to cancel them in time!

I disagree.
The 'score' is possibly the most worthless part of any subscription or a free trial.

JimmyTheWig

Ooh, the excitement builds. I've just confirmed my address with them and my Experian Credit Score has been requested. I now just need to wait for them to check my application and my Experian Credit Score will become available in the next 24 hours.
How exciting.
I can't wait. I wonder what my number will be.

In fact, for others in the same position who can't wait that long, go into Excel and paste the following into any cell...
=RANDBETWEEN(0,999)

Once you get bored with that number hit F9 and you'll get another one.

debtfreehorizon

grumbler wrote: »

I disagree.
The 'score' is possibly the most worthless part of any subscription or a free trial.

what is it about the credit score nazis on here? place is full of them. generally, if you have high % of credit utilization, increasing number of recent credit searches, aren't registered on the electoral roll and/or have missed payments, then your score will be poor. If the opposite, then your score will be good. It's a score, it's an indicator. Yes every credit lending company will use different elements of the credit report to calculate their own score/ decision..... I'm surprised the nazis are able to sleep at night when people mention credit score on here :rotfl:

JimmyTheWig

debtfreehorizon wrote: »

what is it about the credit score nazis on here? place is full of them.

The trouble is that we see, all too often, posters coming on saying "I've got a score of 999 but got turned down for a credit card" or "I've got a score of 890 but have so many bad marks on my file it's unreal" or "Why have I only got a score of 567 when I've just been approved for the best credit card going with a high credit limit", etc.

I agree with you that it shouldn't be rocket science for them to give a reasonable score. But for some reason they appear to find it difficult.

[That saying, and despite my sarcasm in my earlier post, I wasn't lying when I said I'd submitted my details. Just out of interest, mind you!]

grumbler

debtfreehorizon wrote: »

generally, if you have high % of credit utilization, increasing number of recent credit searches, aren't registered on the electoral roll and/or have missed payments, then your score will be poor. If the opposite, then your score will be good.

Absolutely. As any person has a pretty good idea about his/her utilization, recent searches and missed payments, not to mention the electoral roll registration, any score that pretty much arbitrarily combines this information in some number is useless.

Yes every credit lending company will use different elements of the credit report to calculate their own score/ decision.....

What's "awesome" about knowing the Experian's number then? And if a lending company surprisingly rejects you, the Experian score is of no help as it's the details that you want to know and check for discrepancies and errors.

Nebulous2

debtfreehorizon wrote: »

what is it about the credit score nazis on here?

I don't feel particularly strongly about scores, though I can't see any value in them, particularly where people are paying for them. I've just applied for my free Barclaycard one.

However your use of the word nazi is way over the top. It cheapens your arguments and destroys any credibility it and you might have had.

brokebuthappy

I agree with Nebulous2. I realise that the credit score has no intrinsic value but when ordering my £2 credit report over the years I have always been curious as to what entices someone to pay £14.99 for a report. It is human nature to be curious about something you aren't privy to and I for one am happy to have that curiosity satisfied for free. Shout me, and anyone else who is curious about their score, down all you like. I don't care. My score BTW is 991

brokebuthappy

And I realise I used the word curious a lot in that previous post!

Curiosity killed the cat, satisfaction brought it back.