Question regarding Experian Statutory report

yessuz

I just got the statutory report from Experian (2£).

What I noticed is that I cannot see the Score? or just cannot find it?

Also, it does not display the Pay Day Loan I had in January 2013 (so more than 3 years), so this is positive thing.

So how's about the score?!

bengal-stripe

yessuz wrote: »

I cannot see the Score? or just cannot find it?

Also, it does not display the Pay Day Loan I had in January 2013

The 'score' (which is useless anyhow) is not part of a statutory credit report. If you want to get the score, you have to enrol on a one-month trial. (Unless you have had a previous trial already.)

Your payday loan might not have reported to Experian but another agency, or it might not have been reported at all. It's not a positive thing having used payday loans, so be glad it isn't listed in the report.

Superscrooge

If you really want a 'credit score' you can sign up for free to https://www.noddle.co.uk and https://www.clearscore.com and get a free credit score each month. But it's your credit history that is important. Not your score.

daniel86_2

The score is not part of your credit report and as such a bank will not see the score a CRA assigns to you . Each lender who searches you credit file will use the data present to score you themselves and decide if they wish to accept your application. Maybe the loan company do not report to experian and they are not obliged to report any details they don't want to good or bad.

National_Debtline

Hi yessuz


The chief benefits of the statutory report (alongside your not being tied into a subscription) are that it allows you to ensure that the information that existing/potential lenders see about you is accurate, and that there are no unexplained debt entries on there which might hint at identity theft by a third party. What it won't do is give you a hard and fast measure of how easily you can borrow £X from Bank Y or Z. The credit "scores" on offer can't do that either, but they can give a general indicator of whether your relative creditworthiness is improving or declining over time. It's really up to you how much weight you attach to such scores, though, as lenders use their own private formulae and criteria when making lending decisions.


Dennis
@natdebtline